Thanks for the detailed explanations! I used Quickbooks self-employed to track all my expenses.
Part of the big deduction was my vehicle. $9269. I leased a new vehicle and added lease payments, insurance, gas, and mileage for the business. I used this vehicle 100% for the business and drove to the clients for meetings and local and out-of-state trade shows to pick up materials and find new material suppliers...
Also, expenses for traveling to China to attend the trade show and meet the suppliers for my project were a big part of the expense... $14K and meals for$4000.
However, my client faced some issues and has not made scheduled payments... I think that made my deduction higher?...
But I am worried this causing the audit....and no Idea what to do..
