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dDub
Level 1

TT Premier: Standard Mileage, Software Subscription, Video Equipment

I have the TurboTax Premier Desktop.  Already done my taxes.

 

I'm helping my daughter do her taxes. She has a small business performing video production.  I generally understand Schedule Cs and the concept of Income, Expenses and Depreciation (at least enough to be dangerous!).

 

I'm having trouble finding specifically where to enter:

 

  • Total Standard Mileage
  • Software Subscriptions (Adobe Creative, Dropbox, etc.)
  • Video Equipment Deduction/Depreciation (e.g. Video Camera, Drone, Laptop)

Any help would be most appreciated. Thanks in advance!

 

DW/

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1 Best answer

Accepted Solutions
AnnetteB6
Employee Tax Expert

TT Premier: Standard Mileage, Software Subscription, Video Equipment

Start by going to the Schedule C Business Income and Expenses section by using the following steps:

 

  • On the top row of the TurboTax online screen, click on Search (or for CD/downloaded TurboTax locate the search box in the upper right corner) 
  • This opens a box where you can type in “schedule c” and click the magnifying glass (or for CD/downloaded TurboTax, click Find)
  • The search results will give you an option to “Jump to schedule c
  • Click on the blue “Jump to schedule c” link 

 

Go through this section until you get to the screen to enter Business Expenses.  

 

The vehicle mileage will be entered by going through the Cars, trucks, and other vehicle expenses section.

 

The cost of software subscriptions may be entered as a Miscellaneous expense where you can enter a short description and the amount.  Go through the All Other Expenses section to the end where you are asked about any other expenses.

 

The equipment costs will be entered in the Assets and depreciation section.

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**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

1 Reply
AnnetteB6
Employee Tax Expert

TT Premier: Standard Mileage, Software Subscription, Video Equipment

Start by going to the Schedule C Business Income and Expenses section by using the following steps:

 

  • On the top row of the TurboTax online screen, click on Search (or for CD/downloaded TurboTax locate the search box in the upper right corner) 
  • This opens a box where you can type in “schedule c” and click the magnifying glass (or for CD/downloaded TurboTax, click Find)
  • The search results will give you an option to “Jump to schedule c
  • Click on the blue “Jump to schedule c” link 

 

Go through this section until you get to the screen to enter Business Expenses.  

 

The vehicle mileage will be entered by going through the Cars, trucks, and other vehicle expenses section.

 

The cost of software subscriptions may be entered as a Miscellaneous expense where you can enter a short description and the amount.  Go through the All Other Expenses section to the end where you are asked about any other expenses.

 

The equipment costs will be entered in the Assets and depreciation section.

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