is Turbo Tax for Business a valid Business expense

[FS23]

Please advise is TTfor Business a valid Business Expense

[BillM223 · Accepted solution]

The TurboTax tax software? Yes, of course it is.

What is your business? Schedule C? 1120? 1065?

[FS23]

thank you Bill its professional fees (Schedule C)

[ColeenD3]

The only portion that is deductible on Schedule C is the extra amount over and above what you would pay for Premium, since only the upgrade was needed for Schedule C.

[VolvoGirl]

@FS23   Did you buy the separate Turbo Tax Business or Home&Business or pay for the online Self Employed version?  You said Turbo Tax Business but then said Schedule C.  TT Business does not do Sch C.  So I assume you bought the Desktop Home & Business program?  

[FS23]

Hi , thank you . yes it was the  on line version on home & Business