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Old 11-15-2022, 08:15 AM   #41
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I just looked at TT for 2022 and I see it as a line item . I could have swore it was gone/missing the last few years... Well that may save me a few more bucks.
it was gone in 2021 and prior. I have no idea how it returned since the law was not changed.
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Old 11-15-2022, 08:17 AM   #42
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Originally Posted by jebmke View Post
it was gone in 2021 and prior. I have no idea how it returned since the law was not changed.
Now that's how I remember it...
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Old 11-15-2022, 08:31 AM   #43
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Now that's how I remember it...
I think all the 2% threshold stuff got nuked with TCJA in 2017. There are a very limited number of miscellaneous items allowed on Schedule A now. Claim of Right being one of them.
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Old 11-15-2022, 09:04 AM   #44
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It is tax deductible, just have really low income, or a LOT of deductions:

You may be able to deduct tax software. Tax preparation software is a miscellaneous itemized deduction. To take the tax preparation deduction, both of these must apply:

You itemize your deductions.
Your deductions total more than 2% of your adjusted gross income (AGI).
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Originally Posted by Car-Guy View Post
I just looked at TT for 2022 and I see it as a line item . I could have swore it was gone/missing the last few years... Well that may save me a few more bucks.
I was just thinking that darn I missed this deduction last year because we itemized.

Then I remembered we got 2021 TT for free!
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Old 11-15-2022, 06:48 PM   #45
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Ive always used HR Block Deluxe and had no issues with filing Schedules D and E. Now their website suggests I have to buy their Premium Edition.

If anyone has HR Block Deluxe 2022, can you let me know if it is still supporting Schedules D and E? Hate to buy it and find out it doesnít. I know I can upgrade, but Iíve been playing with FreeTaxUSA and may consider switching to that. Not sure I want to pay $70 for the HR Block Premium version.
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Old 11-15-2022, 08:44 PM   #46
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Originally Posted by jebmke View Post
I think all the 2% threshold stuff got nuked with TCJA in 2017. There are a very limited number of miscellaneous items allowed on Schedule A now. Claim of Right being one of them.
Agree with this.

I think the reference about misc itemized deductions in post #38 is from an out-of-date source.
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Old 11-15-2022, 09:20 PM   #47
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It’s always bugged me that the IRS doesn’t offer free filing software for everyone. Seems like that would encourage electronic filing, which saves them having to deal with paper and humans. My return is simple enough that I’ve been tempted to skip the TT or HRB software and file paper out of principle, but I’ve gotten spoiled by the e-file processing time.
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Old 11-15-2022, 11:57 PM   #48
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Ive always used HR Block Deluxe and had no issues with filing Schedules D and E. Now their website suggests I have to buy their Premium Edition.

If anyone has HR Block Deluxe 2022, can you let me know if it is still supporting Schedules D and E? Hate to buy it and find out it doesnít. I know I can upgrade, but Iíve been playing with FreeTaxUSA and may consider switching to that. Not sure I want to pay $70 for the HR Block Premium version.
It's very common for HR Block to suggest a person needs the more advanced versions but it's really the interview help that is different, not the actual forms.

They say deluxe has those 2 schedules (I have rentals and use the deluxe).

https://www.hrblock.com/tax-software...tax-software/#

Click on link: Tech specs
On popup click on Federal forms

See all the forms in the list.
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Old 11-16-2022, 06:29 AM   #49
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My return is simple enough that Iíve been tempted to skip the TT or HRB software and file paper out of principle, but Iíve gotten spoiled by the e-file processing time.
I used to file paper even though I used software. Then I filed for 2019 anticipating a large refund. You know what happened that year. I waited and waited and waited... and finally my brother the hotshot tax accountant told me to go ahead and e-file even though you weren't supposed to file both. The refund arrived a few weeks later.

One year I tried to do a state return on paper since I worked in one and lived in another. I thought it was the simpler one but it had some "mini-worksheets" and "gotchas" that I missed and I underpaid.

I swear the lawmakers don't worry about making the tax laws messy because the software handles it. Most of the time.
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Old 11-16-2022, 01:27 PM   #50
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Tech Specs on HRB site says a mac requires MacOS 10.15 or higher. I'm still on 10.13 and can't go higher. Wonder if that is really a deal breaker.
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Old 11-16-2022, 01:33 PM   #51
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Tech Specs on HRB site says a mac requires MacOS 10.15 or higher. I'm still on 10.13 and can't go higher. Wonder if that is really a deal breaker.
Theoretically, many programs would probably be able to run on an older OS version just fine.

Practically speaking, software developers and testers don't want to support older versions (it's a hassle). So when the program loads and initializes, it'll often just do an OS version check and should gracefully quit.

If you were able to run the software in a debugger and short circuit the version test, you'd know for sure.
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Old 11-16-2022, 01:50 PM   #52
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Originally Posted by Sunset View Post
It's very common for HR Block to suggest a person needs the more advanced versions but it's really the interview help that is different, not the actual forms.

They say deluxe has those 2 schedules (I have rentals and use the deluxe).

https://www.hrblock.com/tax-software...tax-software/#

Click on link: Tech specs
On popup click on Federal forms

See all the forms in the list.

THANK you! Much appreciated!
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Old 11-16-2022, 03:16 PM   #53
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Itís always bugged me that the IRS doesnít offer free filing software for everyone. Seems like that would encourage electronic filing, which saves them having to deal with paper and humans. My return is simple enough that Iíve been tempted to skip the TT or HRB software and file paper out of principle, but Iíve gotten spoiled by the e-file processing time.
I was told itís either a non compete agreement the irs has with the software providers or something else in place that the irs can not offer free filing for everyone in order for the software companies to offer electronic filing.
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Old 11-16-2022, 07:01 PM   #54
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Iím thinking of moving from my current broker back to Fidelity. This got me thinking that I should ask for the tax program as a perk for moving. Iím sure I wonít have enough of a total balance to get their attention, but maybe at transfer time theyíll do it. Worth a try.
I've moved money to Schwab recently and they offered me a cash bonus of $350 for $250k to $499,999, $700 for $500k to $999,999 and $1,500 for $1M or more.

You can buy many years of TT for $350 to $1,500.
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Old 11-16-2022, 07:12 PM   #55
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US Bank investments is making a similar offer:

https://www.usbank.com/splash/wealth...sultation.html

Too much hassle for me, but may be interesting for some.
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Old 11-16-2022, 09:41 PM   #56
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I was told itís either a non compete agreement the irs has with the software providers or something else in place that the irs can not offer free filing for everyone in order for the software companies to offer electronic filing.
But there may be hope for the future: https://www.propublica.org/article/f...-reduction-act

The IRS is to study how to implement free efile.
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Old 11-16-2022, 10:16 PM   #57
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I've moved money to Schwab recently and they offered me a cash bonus of $350 for $250k to $499,999, $700 for $500k to $999,999 and $1,500 for $1M or more.

You can buy many years of TT for $350 to $1,500.
Thanks. I didnít know the dollars they offered, but I was aware they did offer cash incentives. I was thinking that TT could be an add on in my discussion with them. At my account value, coming in is about the only time Iíd get their attention.
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Old 11-16-2022, 10:29 PM   #58
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For those interested, TurboTax Deluxe 'download' version ( with Fed & State ) is currently selling for $39.99 at the link below ...use code NOV22 to knock it down to $36

Various tax software guides say you need TT Premier for Sched D, rental property, etc ...but Deluxe download version has all you need.

https://softwarediscountusa.com/turb...oad-p-381.html
Not an authorized seller. You might be getting a pirated copy or you might be getting something that puts malware on your PC, or captures info you enter.

https://ttlc.intuit.com/turbotax-sup...fitCw_US_en_US

Is it really worth saving $10 or $20 to take such a chance? Not to mention it's not a legal copy.
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Old 11-16-2022, 11:30 PM   #59
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I was told itís either a non compete agreement the irs has with the software providers or something else in place that the irs can not offer free filing for everyone in order for the software companies to offer electronic filing.
I heard the irs was discussing making free software, and the tax software companies offered theirs for free, which kills any political will to have the irs do it.
So as long as companies provide it free, there is not enough political votes to spend 10s of millions of dollars making a gov't version.

Considering a person can do it with less than $73K AGI, it does provide a solution for quite a few folks.

https://www.irs.gov/filing/free-file...taxes-for-free
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Old 11-17-2022, 05:49 AM   #60
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I paid $32.50 for H&R Block Premium via download at Walmart each year on November 28th for the previous two years. I'm guessing this year it will be at a higher cost and a day or so earlier (Black Friday weekend deals).
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