ErnieS0
Expert Alumni

Get your taxes done using TurboTax

I suggest “Walk me through everything” since you are new to business and did not claim any expenses in 2019. The walk through will go over every section to make you did not miss entering any income or deductions.

 

“I’ll choose what I work on” allows you to go directly to any section. This will save time if you have an existing business and always deduct the same things or if you only have a few deductions that you are sure about.

 

If you’re new I suggest “Walk me though everything” anyway. You may discover deductions that you had not thought of. In general you can deduct anything that is an ordinary and necessary business expenses.

 

Related Resource:

The ultimate guide to tax deductions for the self-employed

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