turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

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

Business deduction for Fiverr

I have been using Fiverr to find help with my business, where would I deduct those business expenses in turbo tax? Would it be under contractor but then just lump it all under Fiverr? 

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
LeonardS
Expert Alumni

Business deduction for Fiverr

For clarity, you may want to enter the Fiverr expense in Part V Other Expenses on Schedule C.  This would provide you with a detailed line just for your Fiverr expenses.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

3 Replies
LeonardS
Expert Alumni

Business deduction for Fiverr

For clarity, you may want to enter the Fiverr expense in Part V Other Expenses on Schedule C.  This would provide you with a detailed line just for your Fiverr expenses.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Business deduction for Fiverr

Would that be under "Other common business expenses" in the Business Expenses category in the turbo tax software? It is not really home office and it is not a vehicle expense. 

 

Edit: I see the other Miscellaneous expenses when I expand the expense area. Or would it go under contract labor? 

DianeW777
Expert Alumni

Business deduction for Fiverr

It depends on how you want to track it later.  If it is contract labor and you don't have other companies for that you can use that category.  If on the other hand you want to keep track of your payments each year as to how much you are paying this particular company you can use Other Miscellaneous Expense category as advised by our awesome Tax Expert @Leonard Smith.

 

It's all about what you want to see at a glance in the future as you track your business expenses.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies