First, you have to determine if these expenses are ordinary and necessary for your trade/line of work. Page three of IRS Publication 535 (Business Expenses) can help. A deductible business expense must be both ordinary and necessary.
Ordinary. An ordinary expense is an expense that is common and accepted in the taxpayer’s line of work.
Necessary. A necessary expense is an expense that is helpful and appropriate for work. An expense need not be required in order to be considered necessary. Facts and circumstances must be considered to determine whether an expense is ordinary and necessary. Even though an expense may be ordinary and necessary, the cost might not be deductible.
To enter these expenses in TurboTax:
- Under Income & Expenses (tab at the top of your screen), click Review next to Self-employment income and expenses (this assumes that you have already entered your self-employed income).
- Click Review again next to the specific self-employed activity and scroll down to the Expenses category.
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