Can i write off fees charged by square? what does this go under?

i am an independent contractor and i use square and others to take payments. where do i write off the fees charged by square?

posted

How about Schedule C line 10 Commissions and Fees. Or you can always add things under Misc Expenses line 27a from Part V. But only if you are including the whole payment as income and not just the net after the fees.

Be careful ... Square usually issues the 1099 for the total of the fees minus the fees (net) ... if that is the case you cannot deduct the fees again since it was not included in the Gross income total.