topic Claim Square Up fees as a business tax deduction in Get your taxes done using TurboTax

Claim Square Up fees as a business tax deduction

familycoach — Sun, 16 Feb 2025 17:13:17 GMT

From 2017 to present, I never claimed Square Up fees as a business tax deduction. How far back can I amend my returns; how is that done? I'm in MA, USA.

Re: Claim Square Up fees as a business tax deduction

DavidD66 — Sun, 16 Feb 2025 17:20:24 GMT

You have three years from the date you filed your return or two years after you paid the tax due (whichever is later) to file an amendment. For more information, see the following TurboTax Help Article: How do I amend my federal tax return for a prior year?

Re: Claim Square Up fees as a business tax deduction

familycoach — Thu, 20 Feb 2025 17:49:36 GMT

Thanks, David. Kicking myself as I assumed SquareUp fees would not be included in their 1099-INT but now realize they are included.