3111492
We are a small family business, taxed as a partnership, and usually buy "TurboTax" for everyone.
Can this be considered a business expense?
Thank you.
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not deductible since this would be a personal expense of the partners. if the partnership does pay, those payments could either be treated as a non-deductible expense or distribution.
I'm not certain what you will accomplish by doing so as it would appear to be either compensation for services or a return of a capital (i.e., a distribution of property).
I will page @Rick19744.
not deductible since this would be a personal expense of the partners. if the partnership does pay, those payments could either be treated as a non-deductible expense or distribution.
I agree with @Mike9241
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