For Tax Year 2021 - Tax Preparation Fee

[lwms7151]

Where do I enter the tax preparation fee for a small business?

[Bsch4477]

Enter on Sch C along with your other expenses. 

[Cynthiad66 · Accepted solution]

For a small business, perhaps a Schedule C, you deduct as Other Expenses.  Once you have setup your self-employment income you can enter expenses.  Other expenses are listed there.

Unless you’re self-employed, tax preparation fees are no longer deductible in tax years 2018 through 2025 due to the Tax Cuts and Jobs Act (TCJA) that Congress signed into law on December 22, 2017. Self-employed taxpayers can still write off their tax prep fees as a business expense.

@lwms7151

[Edited 3/17/2022 6:52 AM PST]