ericadboone
Gold Member
- 44
2010 was my first year with PC, so this is my first go-around on taxes for this. I am using TurboTax and I just don't know what categories to put my expenses into. Specifically products that I've purchased to show and use and groceries I've purchased for practicing recipes!
These are the options given:
Home office
Vehicles
Assets (Depreciation)
Inventory (Cost of Goods Sold)
Supplies
Communication
Taxes and Licenses
Advertising
Business Travel
Meals and Entertainment
Insurance Payments
Interest Payments
Rental Payments
Legal and Professional Fees
Commissions
Contract Labor
Repairs and Maintenance
Utilities
Other Office expenses
Miscellaneous Expenses
I thought supplies would be good for the products but this is the description given for that "Pens, paper, calendars, data CDs; other supplies related to copiers, printers, mailing"....doesn't sound right.
Meals and Entertainment for groceries????
These are the options given:
Home office
Vehicles
Assets (Depreciation)
Inventory (Cost of Goods Sold)
Supplies
Communication
Taxes and Licenses
Advertising
Business Travel
Meals and Entertainment
Insurance Payments
Interest Payments
Rental Payments
Legal and Professional Fees
Commissions
Contract Labor
Repairs and Maintenance
Utilities
Other Office expenses
Miscellaneous Expenses
I thought supplies would be good for the products but this is the description given for that "Pens, paper, calendars, data CDs; other supplies related to copiers, printers, mailing"....doesn't sound right.
Meals and Entertainment for groceries????