QuickBooks Online Payment fees - where do I record these expense in TurboTax

[sev4490]

For my business I use QuickBooks Online. When a customer pays using there Credit Card, QuickBooks charges a QuickBooks Payment fee based on the dollar amount of the sale. Where in TurboTax do I record these fees?

[Rick19744 · Accepted solution]

I assume you are filing a Schedule C.

If so, just set up an expense account called "CC fees" or something along those lines.

I would add this to QuickBooks as well.

[PatriciaV]

Credit card processing fees, like bank fees, are deductible Business Expenses. You may enter the total under Other Common Business Expenses >> Other Miscellaneous Expenses using your own description. Where you report these expenses doesn't matter, as long as you keep good records to document the amount you report.