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Get your taxes done using TurboTax
Since there is not a direct expense for cloud-based software you can categorize it as Rent Expense if you pay a monthly fee and do not own the software. This is because if you stop paying the monthly fee you no longer have access to the service.
The other option is to create your own category for Software and Cloud Expenses.
Link to MargaretL's response for category for software and cloud expenses
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‎January 27, 2020
10:02 AM