Provide additional Medical items in the Schedule A tax related items (16 Legacy Votes)

Comments

• Unknown Member

  January 2017 edited August 2018

  I understand your question, but you could create a category for those costs you are concerned about, and then create a tax association to Schedule A DRS, DDS, and Hosp, which is where they get entered anyway.

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• RickO SuperUser, Mac Beta Beta

  January 2017 edited January 2017

  Hershey said:

  I understand your question, but you could create a category for those costs you are concerned about, and then create a tax association to Schedule A DRS, DDS, and Hosp, which is where they get entered anyway.

  It's not a question; it's a request for addition to the granularity of the Schedule A tax associations. These items can be seen on the Tax Schedule Report and map into tax programs (TurboTax) via export of the TXF file. They are not they only ones that could be added to be consistent with TurboTax's Medical Expense Worksheet, but they are ones requested by another user who would like to see this level of detail in the reports and exports.
  
  In the end, it only affects personal record keeping as Schedule A does not treat different types of medical expenses differently (as you point out).

  Quicken Mac Subscription; Quicken Mac user since the early 90s

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• psobilo Member ✭✭✭

  February 2017 edited February 2017

  Hershey said:

  I understand your question, but you could create a category for those costs you are concerned about, and then create a tax association to Schedule A DRS, DDS, and Hosp, which is where they get entered anyway.

  Unfortunately, TurboTax follows the lead of the IRS and breaks down Medical expenses on Sch. A (doctors, hospitals, diagnostics, vision, etc.) It would be nice if Quicken provided the same granularity.  At tax time, I have to print out my medical expenses for the year and then start parsing it as I fill out TurboTax.  Or am I missing something?

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• Unknown Member

  May 2018 edited May 2018

  Hershey said:

  I understand your question, but you could create a category for those costs you are concerned about, and then create a tax association to Schedule A DRS, DDS, and Hosp, which is where they get entered anyway.

  Sshedule A folds all medical and dental expenses up into one line. So you just need the one line for tax line item.

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• Quicken_Tyka Moderator mod

  May 2020

  Hello All,

   This Idea seems to have fallen stagnant and due to the Age of the request and lack of User Votes/Comments, will be archived within the next 7 business days.

   If you would like to see this Idea kept alive and considered for possible future implementation in Quicken, be sure to Add your Vote and a comment explaining how this Idea would be beneficial for you.

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   Thank you,

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• Tom Crehan Member ✭

  May 2020

  I'd love to see this added as well as a Tax Line item for "self-employed health insurance premiums."
  
  I realize the Tax Line # jumps around from year to year (in 2017 it was directly on the 1040; now it's on Schedule 1) and the actual total of premiums *might* be different than the deduction we can take, but... having that total would be extremely useful on the Tax Schedule Report.
  
  Currently my only option is to lump it in as an "Unassigned Tax Item" and break it down myself later and annotate the PDF I send to my accountant. That means more work and more room for error.
  
  Adding a simple "Self-Employed Health Insurance Premiums" as a Tax Line Item would be simple. Barring that, allow us the flexibility to add & edit the Tax Line item categories ourselves. Thanks!

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• [email protected] Member ✭✭

  July 2020

  Telling the users that we can enter categories and assign them to tax forms, misses an important point. This approach means that every user needs to understand the fluctuating and unstable nation of the US tax system.
  
  I would restate the feature request as the following: Quicken should provide additional categories and associated tax assignments because I expect Quicken to be able to parse these as the US tax regulations change. Change is routine, stability is a myth.
  
  Steve

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