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JillSNagle
New Member

Where do I enter Small Business Liability Insurance expense?

 
1 Reply
MichelleT
Level 2

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. 

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