How do I write off the price of an app as a deduct...
Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
cancel
Showing results for 
Search instead for 
Did you mean: 
peter101611
Level 2

How do I write off the price of an app as a deduction?

I'm a freelance worker using the MileIQ app to track my miles and that app costs $60 annually. I'm wondering how I would write it as a deduction for when I file my taxes through Turbotax?

MileIQ gives these instructions on their website:

"You can deduct the cost of MileIQ on your taxes by using the Schedule C tax form. You can include it under Part II, where you declare the net profit or loss after business expenses. "

However, I can't find that specific form on Turbotax. Would this be the same as putting the $60 fee under the "Other miscellaneous expenses" and then clarifying it as "MileIQ app fee"?

2 Replies
Kat
Level 15
Level 15

How do I write off the price of an app as a deduction?

It's better not to classify any expense as "miscellaneous" if it's avoidable.  You should be able to include this qualified business expense under one of the business expense categories.  You can include it under Office Expense, for example.

 

Your Schedule C will be generated by the TurboTax program and be properly filed when you e-file your return.

 

Please post back if you have questions.

 

*Please click the thumbs-up icon if this response was helpful.
**Please click "Mark As Best Answer" if your question has been resolved. Thank you.

*** I am NOT a tax expert. I am a seasoned TurboTax user, and volunteer to provide assistance to TT users. Nothing I post is to be considered TAX ADVICE; I bear no legal liability for responses.***
Carl
Level 15

How do I write off the price of an app as a deduction?

If it's an annual fee, then I would report it as a rental expense since you do have to pay it on a periodic basis (yearly) to use it. That's what I do with my business mailbox which costs me $120 a year rental fee.

 

Dynamic AdsDynamic Ads
v
Privacy Settings