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Business & farm
Don't confuse itemized deductions on schedule A with your business expenses/deductions on schedule C. They are separate. For Schedule A personal deductions, you get to take your itemized deductions or the standard deduction, whichever is larger.
There is no min amount or standard amount for schedule C business expenses. You get to take both your Standard Deduction or itemized deductions on Schedule A AND all your business expenses.
‎June 4, 2019
5:37 PM