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I lease a commercial space for my business. Where in TurboTax do I enter my lease and utility payments?
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I lease a commercial space for my business. Where in TurboTax do I enter my lease and utility payments?
You would enter those in the Business Income and Expenses section.
- Click on the Business Tab
- Select "Business Income and Expenses"
- If you haven't already, you'll have to add your business
- After your business is set up, you'll be on you business page, scroll down to "Business Expenses".
- Select "Start" or "Update" for "Other Common Business Expenses"
- There are options for "Rental Expenses" and "Utilities"
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