There are 17 unique categories for entering business expenses in the TurboTax Home and Business program for a Schedule C. If you have a particular expense that does not fit in the other 16 categories listed use Other Miscellaneous Expenses at the bottom of the list.
- Click on Business
- Click on Business Income and Expenses
- Click on I'll choose what I work on
- On Profit or Loss from Business, click on the start or update button
On the next screen, click on Edit for your business listed.
On the next screen scroll down to Business Expenses
On Other Common Business Expenses, click on the start or update button
if it was expensive. I would enter using the asset entry worksheet and then take 100% bonus which will fully expense it. some drones cost $100 which I would just list as an ordinary expense. others could cost $ thousands which I would use the above method.
"Tax deductible expenses are almost any "ordinary, necessary, and reasonable" expenses that help to earn business income. Deductible expenses are those that can be subtracted from a company's income before it is subject to taxation. When it comes to what exactly is meant by ordinary, necessary, and reasonable expenses, the Internal Revenue Service (IRS) has defined these as any expenses that are "helpful and appropriate" for a business." https://www.inc.com/encyclopedia/tax-deductible-business-expenses.html
"Generally, you cannot deduct personal, living, or family expenses. However, if you have an expense for something that is used partly for business and partly for personal purposes, divide the total cost between the business and personal parts. You can deduct the business part." https://www.irs.gov/businesses/small-businesses-self-employed/deducting-business-expenses#personal