Deduct TurboTax Self-Employed?

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Can you deduct the cost of TurboTax Self-Employed if you're a single-member LLC?

AliciaP1Answer

Alumni - Intuit

Yes! It qualifies as a business expense since you are paying to get your business taxes completed. It counts as an expense on your taxes in the year you paid it not the year you're filing for.

So, for example, the fee you pay in 2022 to file your 2021 tax returns will be an expense (and deducted from income) on your 2022 tax return.

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AliciaP1Answer

Alumni - Intuit

Yes! It qualifies as a business expense since you are paying to get your business taxes completed. It counts as an expense on your taxes in the year you paid it not the year you're filing for.

So, for example, the fee you pay in 2022 to file your 2021 tax returns will be an expense (and deducted from income) on your 2022 tax return.

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