Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
cancel
Showing results for 
Search instead for 
Did you mean: 
mailforlinnie
New Member

Do I NEED to itemize my business expenses?

I've been putting a total for each category and just realized it looks like I should be adding each expense on it's own line.  I mean, does each line actually show on the IRS's info?
1 Best answer

Accepted Solutions
MinhT
Expert Alumni

Do I NEED to itemize my business expenses?

You do not have to enter your expenses item by item. You add all expenses falling under the same category together and enter only the totals by expense category.

The amounts you enter will be transferred to the corresponding expense line on Schedule C which is filed with your tax return.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

1 Reply
MinhT
Expert Alumni

Do I NEED to itemize my business expenses?

You do not have to enter your expenses item by item. You add all expenses falling under the same category together and enter only the totals by expense category.

The amounts you enter will be transferred to the corresponding expense line on Schedule C which is filed with your tax return.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
Dynamic AdsDynamic Ads
Privacy Settings
v