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posted Jun 6, 2019 5:47:19 AM

Can I deduct the annual costs of a monthly software subscription service for my small business, and if so, where do these expenses go?

I pay a small monthly fee for a creative development software licence.

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1 Replies
Level 15
Jun 6, 2019 5:47:20 AM

There are 17 unique categories for entering business expenses in the TurboTax Home and Business program for a Schedule C ( in addition to the vehicle, home office & assets sections).  If you have a particular expense that does not fit in the other 16 categories listed use Other Miscellaneous Expenses at the bottom of the list.