If i had a misc business expense in 2019 and 2020 lets say it was a subscription to a trade magazine. And I did not have that expense in 2021.Should i delete it from the misc expense line when go into my schedule c its already there since it was there the past 2 years. Or should i just leave it and leave the amount paid blank.
Delete it. If there is nothing on that line, it might cause an error when you attempt to e-file. For tax purposes, it doesn't matter, but sometimes having a zero or blank entry makes TurboTax unhappy. If you are trying to delete it in Forms mode, delete it from the Schedule C Worksheet (Schedule C Wks) if you can't delete it from the Schedule C.
Here are some other common expenses most self-employed taxpayers will want to review - just to be sure you are maximizing your deductions.
Delete it. If there is nothing on that line, it might cause an error when you attempt to e-file. For tax purposes, it doesn't matter, but sometimes having a zero or blank entry makes TurboTax unhappy. If you are trying to delete it in Forms mode, delete it from the Schedule C Worksheet (Schedule C Wks) if you can't delete it from the Schedule C.
Here are some other common expenses most self-employed taxpayers will want to review - just to be sure you are maximizing your deductions.