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debins33
New Member

Can I deduct my business expenses under my W-2 expenses section?

I work as a Realtor, and paid union dues, education expenses, and office fees, but did not make enough last year to receive a 1099. I also work under another Realtor at my brokerage for an hourly wage which I received a W-2 for.
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WillK
Intuit Alumni

Can I deduct my business expenses under my W-2 expenses section?

If the business expenses you want to deduct from your W-2 wages are in fact expenses that are related to that job then you can deduct them using form 2106. If the expense that you want to deduct are for you other job, it doesn't matter if you didn't receive a 1099, you can still report that income and expenses on your return using Schedule C. To create the Schedule C, you would need to use Turbo Tax self-employment and click on the Business Tab, and off you go!

If they are for the W-2 job, follow the steps below:

 To enter in the expenses in the program: Job-related expenses are reported on Form 2106 (Employee Business Expenses). 

Log on to your TurboTax account and click on the search button Enter in Form 2106 (Employee Business Expenses) Click the Jump to 2106 link in the search results. At the Tell us about the occupation you have expenses for screen, enter your occupation. Click Continue, and follow the onscreen instructions.  

To enter in expenses: 

Log into your TurboTax account and click on the Business tab and select Continue Select “I’ll choose what I work on” and this takes you to “Let’s gather your business info” screen The first section down is Business Income and Expenses, choose Update You are now at the “Here’s  the business info we have so far” screen where you should see your Business listed 

Click Edit next to that business and on the next screen, scroll down to the fourth section which should be Business Expenses and select “Visit All”

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