turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Where do I enter Small Business Liability Insurance expense?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply

Where do I enter Small Business Liability Insurance expense?

You will enter this under your Business Expenses section:

Choose, I'll choose what I work on, go to the Business this expense is for, click Edit/or create the business,go to Expenses.


>Other Common Expenses, 

>Insurance Payments,

>Business Insurance


Examples include:

 - General liability

 - Workers' compensation

 - Fire, theft and flood insurance (for an offsite office or storage space)

 - Renter's insurance (for an offsite office or storage space)

 - Errors and omissions insurance

 - Malpractice insurance

 - Business  insurance


If you had a home office and made payments in 2017 for homeowner's insurance, you do not enter those totals here. 

We ask you for those amounts when we cover your home office deductions. 

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question