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Conference nyoss1::market_investing

Title:Market Investing
Moderator:2155::michaud
Created:Thu Jan 23 1992
Last Modified:Thu Jun 05 1997
Last Successful Update:Fri Jun 06 1997
Number of topics:1060
Total number of notes:10477

670.0. "TAX: Can I deduct cost of QUICKEN?" by NOVA::QUEK::MOY (Michael Moy, DEC Rdb Engineering) Fri Jan 28 1994 12:02

    Can I partially or fully deduct the cost of software like QUICKEN under
    line 20 of schedule A?
    
    michael
T.RTitleUserPersonal
Name
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670.1I deduct itKOALA::BOUCHARDThe enemy is wiseFri Jan 28 1994 13:304
    I don't know off-hand what line 20 is, but as a non-tax-lawyer I think
    it is reasonable to deduct it as a tax preperation expense -- It does
    50% of my taxes for me, so I deduct it along with the cost of Turbo
    Tax...
670.2WealthBuilder or MacInTax?WIDGET::KLEINFri Jan 28 1994 13:415
What about WealthBuilder?  This helps select and manage investments, not
specifically do taxes?  I imagine that MacInTax is also deductable by
that reasoning?

-steve-
670.3Sounds deductible to meKOALA::BOUCHARDThe enemy is wiseFri Jan 28 1994 16:532
    I'd assume a package like WealthBuilder would be deductible as an
    investment expense, rather than a tax preperation expense.
670.4You have to be self employedZENDIA::FLEMMINGFri Jan 28 1994 18:373
    Absolutely. And it can even make a difference if the expenses you
    include in lines 19 and 20 wind up being greater than 2% of your
    AGI.
670.5give another guy a break!CSC32::K_BOUCHARDSat Jan 29 1994 13:485
    Doesn't the IRS have some sort of limit as to TAX RETURNS it can audit?
    If it does,then I say great,claim that deduction. You can argue with
    the IRS and somebody else will be off the hook!
    
    Ken
670.6Final version of MacIntax?MKOTS3::MCLEANWed Feb 02 1994 13:097
    Speaking of MacIntax, I bought the "Head Start" package, and am
    currently waiting for the Final version to be sent, which I thought was
    going to be in late January.  I have yet to receive anything.  Has
    anyone else received the Final version of MacIntax yet?  
    
    Don McL
         
670.7Turbo Tax is in....USCTR1::BJORGENSENWed Feb 02 1994 13:124
    I got the final version of Turbo Tax Fed-Exed to my house on 
    24 January.  I'm assuming that they are both made by Chip Soft.
    
    -Brian
670.8Got Mine.SWAM2::WANTJE_RAWed Feb 02 1994 18:004
    I signed up for the Head Start Program.  I received the Final Edition
    of MacInTax 23/24 Jan 94.
    
    Ralph
670.9CA Simply Tax update?CAPNET::SLIBKINDSam Libkind - PC Support Engineering 276-9465Thu Feb 03 1994 09:043
    Has anyone got CA Simply Tax update?
    
    Sam.
670.10CADSYS::CADSYS::BENOITThu Feb 03 1994 09:113
I haven't yet...

/mtb
670.11I haven't got mine yetTLE::PERIQUETDennis Periquet, DEC BASIC compiler developmentThu Feb 03 1994 15:5211
    
    re: CA-Simply Tax update:
    
    I called CA and they said that the update has started shipping a few
    days ago.  For reference, here are some numbers to contact them:
    
    	(800) 225-5224 (customer order number)
    	(516) DIALTAX  (support center)
    
    Dennis
    	
670.12I haven't received it yet eitherPASTA::WINDNAGLEFri Feb 25 1994 09:186
I called the 800 number and went through 2 levels of automatic menus
then got a message that said it was shipping and that everyone should
receive it within the next week.  I'll be calling back if that doesn't
happen.  Well, ok, I'll only complain if I don't get mine.

/carl