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Level 1
March 21, 2020
Question

Business Expenses

  • March 21, 2020
  • 1 reply
  • 0 views

What if you started a new Independent business and you have business expenses? How is this deducted? I do not know why your work expenses can not be written off. This is bad. Please advise. 

    1 reply

    Level 15
    March 22, 2020

    Complete Sch C where you can report both income and deductions for your business. 

    VolvoGirl
    Level 15
    March 22, 2020

    Are you using the Online version?  Which version?  You can enter Self Employment Income into Online Deluxe or Premier but if you have any expenses you will have to upgrade to the Self Employed version.

     

    How to enter self employment expenses

    https://ttlc.intuit.com/community/entering-importing/help/where-do-i-enter-my-self-employment-business-expenses-like-home-office-vehicle-mileage-and-supplies/00/27109