Can you please provide a list of expenses I can deduct for my Beachbody coaching business? Also, where do I list those expenses in TurboTax? Thank you!

[Marketstar]

Per the IRS, you can deduct all ordinary and necessary business expenses to produce business income:

That is to say, if your expense is common and accepted in your business, and helpful and appropriate, you can deduct it

See Reporting Business Income and Deductions to view a list of specific business expenses you may be able to deduct.

You will not be able to deduct business expenses in TurboTax Deluxe You will need to upgrade to TurboTax Self Employed Online, where you can enter business expenses in the below area.

·       Type in schedule c in the search box, top right of your screen, hit

·       Enter key

·       Click jump to schedule c in the search results

·       Arrive at the Your 2017 self-employed work summary

·       Click the Edit button

·       Arrive at the Here’s your info page

·       Clock the Add expenses for this work button

·       Arrive at the Tell us about any expenses page-where you will see many expense 

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