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

[tke395]

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?

[DavidD66 · Accepted solution]

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.