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New Member
posted Apr 14, 2025 2:13:03 PM

If I don't have exact numbers for my business expenses, can I estimate?

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1 Replies
Expert Alumni
Apr 14, 2025 2:15:25 PM

You do not have to send it receipts with your tax return, but if there is an inquiry, you have to be able to show your reported expenses.  If you can't, the IRS can deny your deduction.