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Level 2

Delaware State's Corporation Paperwork fees as deductible business expenses

Hi I was wondering what's the best category to put fees charged by the State of Delaware's Corporations Division for sending paperwork such as certificate of good standing or changing a registered agent. Would it be under "legal and professional" fees or "licenses and regulatory" fees? Thank you!

 

(Form 1120 - C-corp) 

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Level 15

Delaware State's Corporation Paperwork fees as deductible business expenses


@ineedtaxhelp2020 wrote:
Would it be under "legal and professional" fees or "licenses and regulatory" fees?

Enter it under Legal and professional. There is no such category on the actual Form 1120; TurboTax places it under Other deductions (line 26) and labels the expense as such (e.g., legal and professional).

View solution in original post

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Highlighted
Level 15

Delaware State's Corporation Paperwork fees as deductible business expenses


@ineedtaxhelp2020 wrote:
Would it be under "legal and professional" fees or "licenses and regulatory" fees?

Enter it under Legal and professional. There is no such category on the actual Form 1120; TurboTax places it under Other deductions (line 26) and labels the expense as such (e.g., legal and professional).

View solution in original post