To enter other miscellaneous deductions on Schedule A in the individual income tax return in TaxSlayer ProWeb, from the Federal Section of the Tax Return (Form 1040) select:
- Deductions
- Itemized Deductions
- Other Itemized Deductions
In addition to the expenses that flow in from elsewhere in the return, only the following expenses can be entered in Schedule A as an "other itemized deduction".
Amortizable premium on taxable bonds - If the taxpayer is amortizing bond premium, and the amount of their bond premium amortization for an accrual period is more than the qualified stated interest for the period, they can include the difference as an other itemized deduction on Schedule A. The deduction is limited to the amount by which the total interest inclusions on the bond in prior accrual periods is more than the total bond premium deductions on the bond in prior periods. Any amount that can't be deducted because of this limit can be carried forward to the next accrual period.
See IRS Publications 529 and 550 for more info about bond premium amortization.
Federal estate tax on income in respect to a decedent - Taxpayers can deduct the federal estate tax attributable to income in respect of a decedent that as the beneficiary was included in their gross income. See Publication 559 for information about figuring the amount of this deduction.
Gambling Losses - See the knowledgebase article on Form W-2G here for more information about deducting gambling losses.
Impairment-related work expenses - Taxpayers with a physical or mental disability that limits employment, or substantially limits one or more major life activities, such as performing manual tasks, walking, speaking, breathing, learning, and working, can deduct impairment-related work expenses.
Impairment-related work expenses are ordinary and necessary business expenses for attendant care services at the taxpayer's place of work and other expenses in connection with their place of work that are necessary for them to be able to work.
Impairment-related work expenses can be deducted if:
- the item or service enables the taxpayer to work
- the item is needed because of the taxpayer's disabling impairment
- the cost is paid by the taxpayer and not reimbursed
- the expense is reasonable; the taxpayer paid the standard charge for the item or service
- the expense was paid in a month in which the taxpayer was working
Repayment under claim of right - If the taxpayer repaid more than $3,000 that was included in their income in an earlier year, they may be able to deduct the amount that was repaid, or take a credit against their tax. For more information see Repayments in Publication 525.
If you had to repay more than $3,000 that you included in your income in an earlier year because at the time you thought you had an unrestricted right to it, you may be able to deduct the amount you repaid, or take a credit against your tax. See Repayments in Publication 525 for more information.
Unrecovered investment in pension - A retiree who contributed to the cost of an annuity can exclude from income a part of each payment received as a tax-free return of the retiree's investment. If the retiree dies before the entire investment is recovered tax free, any unrecovered investment can be deducted on the retiree's final income tax return. See IRS Publication 575, Pension and Annuity Income, for more information about the tax treatment of pensions and annuities.
Ordinary loss debt instrument - Enter here an ordinary loss attributable to a contingent payment debt instrument or an inflation-indexed debt instrument (for example, a Treasury Inflation-Protected Security)
Additional Information:
IRS: Instructions for Schedule A
IRS Publication 529 - Miscellaneous Deductions