Doing Business taxes for an LLC which is a company doing futures trading and software development. What deduction category would software data fees be in?

[janefuhrman]

Would like to the know the common business expense that I should use for data fees for a trading platform.  Thank you!

[PatriciaV · Accepted solution]

Yes, in most cases software data fees may be reported as Subscriptions or under All Other Expenses with a custom description. 

How you categorize your expenses is not critical for your business tax return. Just be sure you do not enter the same expense twice.