☰
✕
Sign In

Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
Level 4
posted May 2, 2021 12:55:05 PM

How to I classify some business expenses?

I've got a technical side business to supplement my income from my regular job. At this point there's three four things I need to do each year for my business. But I do not know how to categorize them in Quicken nor how to report them in TurboTax. Here they are:

 

An annual subscription to online training

This is by far the costliest expense I do. I do this to keep my skillset up to date.

 

Web hosting

I pay for annual renewal of the website for my side gig

 

Web site registration

I also pay for annual renewal of the website domain

 

Equipment

I just realized I had another expense for my business last year. I bought a second monitor to improve my productivity

 

How do I classify each of these four, in Quicken and in TurboTax?

0 1 455
1 Best answer
Expert Alumni
May 2, 2021 2:08:06 PM

Enter your annual subscription to online training as Other Miscellaneous expenses. Put web hosting and web registration as communications expenses. Your monitor is an office expense.

1 Replies
Expert Alumni
May 2, 2021 2:08:06 PM

Enter your annual subscription to online training as Other Miscellaneous expenses. Put web hosting and web registration as communications expenses. Your monitor is an office expense.