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Level 1
posted Feb 15, 2023 8:32:11 AM

How do I enter business expense for schedule C ( see the example)

Do I need to enter each transaction or the total of each category 

e.g.,  If I had purchased the supplies below 

should I enter 3 lines 

 

1) 5 Canvas $100

2) 3 Canvases for $50

3) Paint brush $20 

 

Should I enter three lines? 

Canvas 150 

Brush 20 

 

Or  1 line 

Art Supplies 170

 

0 1 320
1 Best answer
Level 15
Feb 15, 2023 9:59:05 AM

One line with total of supplies but keep details for documentation in case of audit. 

1 Replies
Level 15
Feb 15, 2023 9:59:05 AM

One line with total of supplies but keep details for documentation in case of audit.