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New Member
posted Jun 3, 2019 11:54:40 AM

In driving my cab that I own, I pay Yellow Cab a weekly fee for Dispatching, Computer use and Insurance. Where do I input this yearly deduction?

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1 Best answer
Expert Alumni
Jun 3, 2019 11:54:41 AM

If you are self-employed, you would claim that expense under Business Expenses (see the screenshot). It doesn't matter too much which category you choose as long as you don't deduct this expense twice, but it would be clearest if you entered it under Other Miscellaneous Expenses, where you can type in the description and add the amount (see screenshot).

If you are a W-2 employee, you would add the expense as an Employment Expense, under Job-Related Expenses. In the interview for this section, you will come across a screen where you can type in a description and amount.

3 Replies
Expert Alumni
Jun 3, 2019 11:54:41 AM

If you are self-employed, you would claim that expense under Business Expenses (see the screenshot). It doesn't matter too much which category you choose as long as you don't deduct this expense twice, but it would be clearest if you entered it under Other Miscellaneous Expenses, where you can type in the description and add the amount (see screenshot).

If you are a W-2 employee, you would add the expense as an Employment Expense, under Job-Related Expenses. In the interview for this section, you will come across a screen where you can type in a description and amount.

New Member
Jun 3, 2019 11:54:42 AM

Thank you for this needed information.

Expert Alumni
Jun 3, 2019 11:54:45 AM

You're welcome, glad to help!