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Can I claim fees from my Square credit card reader?

 
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3 Replies

Can I claim fees from my Square credit card reader?

Yes, you can add your credit card service fees as a business expense.  The best category is Other Miscellaneous Expenses.

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Can I claim fees from my Square credit card reader?

But is the portion (fees) that square takes considered MY income

MarilynG1
Expert Alumni

Can I claim fees from my Square credit card reader?

@muchohucho  The fees that Square Trade takes are Business Expenses against your Business Income.

 

Click this link for info on Reporting Business Income and Expenses.

 

Click this link for info on entering your Square Trade Income

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