topic Delaware State's Corporation Paperwork fees as deductible business expenses in Business & farm

Delaware State's Corporation Paperwork fees as deductible business expenses

ineedtaxhelp2020 — Mon, 29 Jun 2020 20:36:04 GMT

Hi I was wondering what's the best category to put fees charged by the State of Delaware's Corporations Division for sending paperwork such as certificate of good standing or changing a registered agent. Would it be under "legal and professional" fees or "licenses and regulatory" fees? Thank you!

(Form 1120 - C-corp)

Re: Delaware State's Corporation Paperwork fees as deductible business expenses

Anonymous_ — Mon, 29 Jun 2020 21:36:47 GMT

@ineedtaxhelp2020 wrote:
Would it be under "legal and professional" fees or "licenses and regulatory" fees?

Enter it under Legal and professional. There is no such category on the actual Form 1120; TurboTax places it under Other deductions (line 26) and labels the expense as such (e.g., legal and professional).