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Business & farm
Hi AliciaP1, In the "Common Business Expenses" I entered values for advertising, computer supplies, insurance, legal, repairs, supplies, tools, training, and travel. Once I click "continue", which brings me back to the main deductions page, the total displayed there is not correct. It's off by about $600. I do have assets that I've listed in the "Business Asset Summary" section, and they total up to ~$30,000 in depreciation.... roughly 4 times the common business expenses. There doesn't seem to be any reason TT should conflate depreciation with common business expenses. Thanks
March 4, 2022
2:19 PM