Can office supplies and office expense go together on line 18, Sch C? Where does a bus. magazine subscription go on Sch C? Are bus. Bank overdraft fees deductible?
I heard mtc bank fees are deductible bec it’s a required cost of banking.,but overdraft fees are not deductible bec. It was error on owners part?
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1 Best answer
Coleen3
Intuit Alumni
Jun 1, 2019 11:07:20 AM
1) Yes, you can combine office expenditures.
2) Subscriptions can be included under other expenses.
3) Pub 334 says that bank fees are deductible. They do not specify what type. It is a cost of doing business.