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Quick question; for a Schedule C we are going to used TurboTax Self Employed. Do we enter $120 as a deduction as part of the Sch C activity for tax prep fees?

 
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KrisD
Intuit Alumni

Quick question; for a Schedule C we are going to used TurboTax Self Employed. Do we enter $120 as a deduction as part of the Sch C activity for tax prep fees?

You can enter what you pay for tax prep on your schedule C for the year you pay it, so the business portion you pay this year will be deductible next year on your 2019 tax year return. 

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