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Where do I list sole proprietorship business closure contributions

I closed my sole proprietorship business on 12-31-17, and contributed books to a university.  Where do I list this on the turbo tax form?

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Accepted Solutions
LindaA
Expert Alumni

Where do I list sole proprietorship business closure contributions

You can't deduct a charitable contribution as a Schedule C business expense, but you can put the donation on your Schedule A as an itemized deduction.

For more information, please see the discussion of charitable contributions in IRS Pub 535, Business Expenses and the FAQ below.


How do I enter my charitable donations in TurboTax?     https://ttlc.intuit.com/replies/4797927

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1 Reply
LindaA
Expert Alumni

Where do I list sole proprietorship business closure contributions

You can't deduct a charitable contribution as a Schedule C business expense, but you can put the donation on your Schedule A as an itemized deduction.

For more information, please see the discussion of charitable contributions in IRS Pub 535, Business Expenses and the FAQ below.


How do I enter my charitable donations in TurboTax?     https://ttlc.intuit.com/replies/4797927
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