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Deductions & credits
If you're not reporting inventory, enter your expenses as follows:
- Log on to TurboTax and click on the orange button, Take Me To My Return.
- Type Sch C in the search/find bar and click search/find.
- Click on Jump to Sch C.
- Click on start/edit or Add Another Business.
- TurboTax will ask you a series of questions.
- At the 'Your xxxx Business' screen, scroll down to Business Expenses.
- To enter expenses like sales tax, cell phone and office supplies, click start/update next to Other Common Business Expenses.
- On the Let's write off some business expenses screen, scroll down to:
- Sales tax - report under Taxes and Licenses
-
Cost
of Purchases - report
under Supplies
- All other expenses, report under Other Miscellaneous Expenses.
- Continue with the onscreen interview.
Related information:
‎June 6, 2019
3:21 AM