We use the Self Employed TurboTax to complete our taxes due to my wife's business. Do we expense the TurboTax Fee on our 2018 tax return or wait until we file next year?
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We use the Self Employed TurboTax to complete our taxes due to my wife's business. Do we expense the TurboTax Fee on our 2018 tax return or wait until we file next year?
What year do I expense TurboTax fees? I.E. I'm completing 2018 tax return in 2019, so is this expense included on the 2018 tax return or next year when I complete my 2019 tax return?
We use the Self Employed TurboTax to complete our taxes due to my wife's business. Do we expense the TurboTax Fee on our 2018 tax return or wait until we file next year?
You will deduct the TurboTax fees as a business expense in the year in which you paid for the software. If it was purchased in 2018 you will expense it on your 2018 tax return likewise if you purchased the software in 2019 you will expense it on your 2019 tax return.