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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?
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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.
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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"
**Mark the post that answers your question by clicking on "Mark as Best Answer"