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tke395
Returning Member

Can I deduct the full price of turbotax as a business expense?

I purchased Turbo Tax to file taxes for my wife's business.  It is a sole proprietor business so it is included in our personal return.  The only reason I purchased Turbo Tax was for the business.  Previously I used FreeTaxUSA and it was free, but it does not support business returns.  Can I deduct the full amount?  If not, how can I determine the allocation?

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Accepted Solutions
DavidD66
Employee Tax Expert

Can I deduct the full price of turbotax as a business expense?

Yes, if TurboTax was purchased in order prepare your wife's Schedule C, the cost of the program can be deducted as a business expense.

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1 Reply
DavidD66
Employee Tax Expert

Can I deduct the full price of turbotax as a business expense?

Yes, if TurboTax was purchased in order prepare your wife's Schedule C, the cost of the program can be deducted as a business expense.

**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

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