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Deductions & credits
If you run a business, you can deduct the tax preparation cost of preparing the business tax return. For instance, if you purchase the Home and Business TurboTax product because you need it to prepare a schedule C to report your business income and expenses, you can deduct the additional cost of the tax product from your business income on the schedule C.
If you don't report business income on your tax return, you can not deduct the cost of your TurboTax product on your tax return.
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‎January 26, 2023
3:22 PM