turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

best way to wtite off sofware assets

As an audio engineer i have multiple subscriptions annually related to the variety of software i need to do my job. What's the best way i can write those off since some of them are monthly or annual subs? 

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
SharonD007
Employee Tax Expert

best way to wtite off sofware assets

If you’re a W-2 employee, under the Tax Cuts and Jobs Act you won’t be able to deduct unreimbursed business expenses on your federal return, but you may be able to deduct them on your state return. There are exceptions if you’re an armed forces reservist, qualified performing artist, or fee-basis government official.

 

Refer to the TurboTax article Are Unreimbursed Employee Expenses Deductible? for more information.

 

If you’re an independent contractor, you can deduct your subscriptions on your Schedule C.

 

Refer to the TurboTax article Where do I enter Schedule C? for navigation instructions.

 

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

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question