business expenses

Forum|Forum|2 years ago
March 5, 2024
2 replies
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Can I deduct subscriptions to Microsoft 360, Adobe Acrobat, and Malwarebytes subscriptions as a business expenses in turbo tax? If so, where is it entered?

DoninGA

Level 15

You can enter those as Miscellaneous Expenses.

JulieS

Level 15

Yes, you can if you are self-employed and the software is an ordinary and necessary expense for your business. If that is the case, you can deduct it as a self-employment expense.

Here's how to enter it as a self-employment expense:

Sign in to TurboTax.
Select Wages & Income.
Select Edit/ Add to the right of Self-employment income and expenses.
Select Edit below your self-employment activity.
Continue until you get to Select the expense categories you have.
Check the box next to Other miscellaneous expenses and select Continue.
Select Start next to Other miscellaneous expenses.
Enter a description and amount on this screen.

If you aren't self-employed, you can't deduct that sort of expense on your federal return at all.

If you put it under Miscellaneous expenses as suggested above, it will flow to you state return if you live in a state that still allows those deductions. It won't affect your federal return at all.

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dannymacAuthor

Level 2

I am self-employed

DawnC

Level 15

You can deduct the business-use portion of your expenses on Schedule C. To enter them on Schedule C, use these instructions. It is in the Business section >> Business Income and Expenses >> Other Common Business Expenses >> Other Miscellaneous Expenses (or you can use a different category if you find one more appropriate).

If you need more help finding this area, let us know which version of desktop you are using. The Home and Business screens are a little different from the Premier or Deluxe screens.

How does being unemployed affect my taxes?