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Does paying the self employment turbo tax upgrade count as tax fee for my business?

Can i deduct this as a self employment tax fee?
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Anita01
New Member

Does paying the self employment turbo tax upgrade count as tax fee for my business?

Yes, but you would be looking to expense the amount you paid in 2016, not this year.  You cannot take the full expense, but some portion of it, unless the Schedule C was the only form of income you had during the year.  Otherwise, you could allocate by how much self-employment income you had as a percentage of your total income.

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