- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Business & farm
What do you mean when you say it is not giving you the full value? You can total up the supplies and enter on one line item. Ignore the refund meter right now and go all the way through the expense section and then look at the schedule C. It won't reduce your tax bill by the exact amount of your supplies. The supply expense is going to offset your 1099-MISC income which will reduce your net self-employment income on Schedule C. But the meter won't update until you get through that section.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎February 17, 2021
4:09 PM
6,107 Views