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New Member
posted Jan 2, 2025 9:13:41 PM

How can I add my bank account to see what can be deducted for self-employment work?

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3 Replies
Level 15
Jan 3, 2025 6:24:21 AM

Please explain what you are trying to do.   Why do you think adding your bank account will show you what you can deduct for business expenses on a Schedule C?   You can add your banking information in the FILE section for your direct deposit.   You cannot "add" your bank account in order to put in your business expenses.  Those need to be keyed in by hand.

Expert Alumni
Jan 13, 2025 2:18:12 PM

You can't add your bank account. You will need to determine which expenses are for your business and which are personal. See What self-employed expenses can I deduct?  along with the IRS Deducting Expenses.

Level 15
Jan 13, 2025 2:23:55 PM

Several years ago they did have an Expense Finder but that was discontinued.