What is my taxes and license expenses

Forum|Forum|3 years ago
January 10, 2023
2 replies
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TurboTax Self Employed Online

Critter-3

Level 15

Well if you don't know the expenses you have for your own business then no one here can help you. Read up here for more clairfication on the Sch C : https://www.irs.gov/pub/irs-pdf/p535.pdf

Carl

Level 11

Taxes and Licenses refers to such expenses paid by your business reported on SCH C as a part of your personal 1040 tax return. It can also apply to SCH E income if you have rental property, or SCH F income if you have a farming type of business. You need to provide more details so we can understand in what context you're asking your question.

Are you self employed and reporting business income/expenses on SCH C?

Do you own rental property and therefore are reporting rental income/expenses on SCH E?

Maybe you own, pay rent for, or rent out farm land or other farming activity to another?

With more details, I'm confident someone can provide you with a useful response.