At what point do I enter data into Other Miscellaneous Expense?

Forum|Forum|4 years ago
March 16, 2022
1 reply
25 views

At what point, while entering data into TurboTax, do I enter expenses related to running my side business, into what's called Other Miscellaneous Expense?

TurboTax Home & Biz Windows

Best answer by DawnC

The expenses in that category are entered into TurboTax in the Business Expenses section. In the Business tab,

Click on Business Income and Expenses and then I'll choose what I work on
Click on Update next to Business Income and Expenses
Click on Edit next to your business's name
Scroll down to Business Expenses and click on Update next to Other Common Business Expenses
The last category is Other Miscellaneous Expenses - this data goes to Part V of your Schedule C

If you are in Forms Mode, you have to go to the Schedule C worksheet (Schedule C Wks) and Scroll down about halfway to Miscellaneous Expenses-Other (the list is alphabetical) to edit the amounts.

DawnC

Answer

Employee Tax Expert

The expenses in that category are entered into TurboTax in the Business Expenses section. In the Business tab,

Click on Business Income and Expenses and then I'll choose what I work on
Click on Update next to Business Income and Expenses
Click on Edit next to your business's name
Scroll down to Business Expenses and click on Update next to Other Common Business Expenses
The last category is Other Miscellaneous Expenses - this data goes to Part V of your Schedule C

If you are in Forms Mode, you have to go to the Schedule C worksheet (Schedule C Wks) and Scroll down about halfway to Miscellaneous Expenses-Other (the list is alphabetical) to edit the amounts.

**Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"