304900
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Attend our Ask the Experts event about Tax Law Changes - One Big Beautiful Bill on Aug 6! >> RSVP NOW!
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Where to enter deduction for software licenses?

I'm also self-employed and develop software. I needed to buy a software tool and license last year. I know I can deduct this, but where/how do I enter this in TurboTax? Is there a specific category like when you deduct a new computer? 

Additional, thought if you buy a computer needed for work, you can deduct a part in three years. How to enter this for the last year? A part was deducted two years ago but forgotten last year.

Thanks.

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
PrinceA
New Member

Where to enter deduction for software licenses?

You can enter the fees for license under Professional, the class fee can be entered under Other Expenses... where you put your own description and an amount.  


Notes:  

  • To be deductible, your expenses must be for education that either maintains or improves your job skills, or is required by your employer or by law to keep your salary, status or job. Expenses to learn a new trade or job aren't deductible. 
  • As self employed- they are your business expenses; as an employee, they are your Job-related expenses in TurboTax.

View solution in original post

1 Reply
PrinceA
New Member

Where to enter deduction for software licenses?

You can enter the fees for license under Professional, the class fee can be entered under Other Expenses... where you put your own description and an amount.  


Notes:  

  • To be deductible, your expenses must be for education that either maintains or improves your job skills, or is required by your employer or by law to keep your salary, status or job. Expenses to learn a new trade or job aren't deductible. 
  • As self employed- they are your business expenses; as an employee, they are your Job-related expenses in TurboTax.

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question