Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
Your taxes, your way. Get expert help or do it yourself. >> Get started
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

cancel
Showing results for 
Search instead for 
Did you mean: 
mmcclelland-laun
New Member

I have a laundry business out of my home. It operates on average 5 days/week. How do I determine my utility expenses for gas, electricity, water and sewage?

I also have an 1099 employee that helps me. Where do I deduct her earnings?
2 Replies
Critter
Level 15

I have a laundry business out of my home. It operates on average 5 days/week. How do I determine my utility expenses for gas, electricity, water and sewage?

Same place ... in the Sch C interview it asks you specifically if you have 1099 contract labor and if you need to complete a 1099 form by 1/31 ... follow the interview screens carefully.  

 

May I also suggest, if this is your first Sch C, to upgrade to the LIVE option so you can get one on one instructions and a return review. 

ratings image
Hal_Al
Level 15

I have a laundry business out of my home. It operates on average 5 days/week. How do I determine my utility expenses for gas, electricity, water and sewage?

Q. "How do I determine my utility expenses for gas, electricity, water and sewage".

A. Pretty much a guess.  Try googling energy consumption rates for your equipment.

 

You can also claim depreciation on your equipment. For example if you use your washing machine 75% for business, you can write off 57% of the cost (or value at conversion to business use) as a business expense 

About Community

Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement.

3.49m
Members

2.63m
Discussions

Manage cookies
v
ABCDEFGHIJKLMNOPQRSTUVWXYZabcdefghijklmnopqrstuvwxyz0123456789-_~