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January 31, 2025
Question

Can I deduct card processing fees from box 1 of my 1099-k for my small business?

  • January 31, 2025
  • 1 reply
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    1 reply

    January 31, 2025

    Yes. Fees associated with processing credit card payments are deductible business expenses and can be deducted on Schedule C of your tax return.

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