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How would one categorize a 4% credit card fee to Clover Go as an expense?

I am a 1099 employee. I get paid weekly and am charged a 4% credit card fee on sales I make. What expense would this be classified as?
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1 Reply
PatriciaV
Employee Tax Expert

How would one categorize a 4% credit card fee to Clover Go as an expense?

Yes, credit card processing fees may be reported under Office Expenses or under Other Miscellaneous Expenses with a custom description (see screenshot below - click to enlarge).

NoteIf you enter a general business expense in the wrong category, it will not affect your taxes. Just be sure you don't enter the same expense twice.

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