Where can i add 2016 turbotax cost to my bussiness cost?
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egaf01
New Member

Where can i add 2016 turbotax cost to my bussiness cost?

 
1 Reply
DawnC0
Intuit Alumni

Where can i add 2016 turbotax cost to my bussiness cost?

According the  IRS, 

"You can deduct on Schedule C or C-EZ the cost of preparing that part of your tax return relating to your business. You can deduct the remaining cost on Schedule A (Form 1040) if you itemize your deductions.

The entry is made on Schedule C, Part II, line 17: Legal and professional services.  To enter the business portion, go to:

  • Business Tab at the top>>
  • I'll Choose What I Work On>>
  • Business Income and Expenses - Update>>
  • Edit - Your business taking the deduction>>
  • Business Expenses - Other Common Business Expenses>>
  • Legal and Professional Fees
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