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Do I get to deduct 100% of my expenses being self employed? Turbotax is only allowing 30%. Why?
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ThomasM125Answer
Alumni - Intuit
March 3, 2021
You should be able to deduct 100% of most expenses associated with your business, but that does not apply to all business expenses.
You can only deduct a portion of expense for things that have personal as well as business use. Example of this are telephone, vehicle use, and home office deductions. You only deduct a percent of those expenses based on your business versus personal use.
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