You'll need to sign in or create an account to connect with an expert.
Yes you can. Please be sure to keep documentation/receipts of your expenses in the event that your return is ever selected for exam by a taxing authority.
Absolutely! But understand you don't "estimate". You should be keeping your own records of exact amounts spent, and exact amounts received. If audited and you can't prove an expense, it will be disallowed.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
adj013075
New Member
sirhc66
Level 1
jstefl
New Member
RR72
Level 1
janetbreindel
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.