topic Can office supplies and office expense go together on line 18, Sch C? Where does a bus. magazine subscription go on Sch C? Are bus. Bank overdraft fees deductible? in Deductions & credits

Can office supplies and office expense go together on line 18, Sch C? Where does a bus. magazine subscription go on Sch C? Are bus. Bank overdraft fees deductible?

Scoop980 — Sat, 01 Jun 2019 18:07:19 GMT

I heard mtc bank fees are deductible bec it’s a required cost of banking.,but overdraft fees are not deductible bec. It was error on owners part?

Coleen3 — Sat, 01 Jun 2019 18:07:20 GMT

1) Yes, you can combine office expenditures.

2) Subscriptions can be included under other expenses.

3) Pub 334 says that bank fees are deductible. They do not specify what type. It is a cost of doing business.