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Which expense category is used for bank fees?

 
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Which expense category is used for bank fees?

There are 17 unique categories for entering business expenses in the TurboTax Home and Business program for a Schedule C.  If you have a particular expense that does not fit in the other 16 categories listed use Other Miscellaneous Expenses at the bottom of the list.

  • Click on Business
  • Click on Business Income and Expenses
  • Click on I'll choose what I work on
  • On Profit or Loss from Business, click on the start or update button

On the next screen, click on Edit for your business listed.

On the next screen scroll down to Business Expenses

On Other Common Business Expenses, click on the start or update button

Which expense category is used for bank fees?

You can enter the bank fees under other business expenses not reported in Schedule C.

 

  • Type in Schedule c in the search box, top right of your screen
  • Click jump to schedule c in the search results
  • Go to Business expenses for this work and continue
  • Enter bank charges in business expenses not reporte

 

For more information click on the link

 

Expenses in Schedule 

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