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June 6, 2019
Question

I bought 3 vending machines to start my business, do I report them as a startup expense?

  • June 6, 2019
  • 1 reply
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1 reply

Employee
June 6, 2019

Yes, by filing as self-employed you will be able to deduct all the expenses associated with your consulting business, including the vending machines.  However, please remember, in order to complete your return you will use Turbo Tax Self-Employed as you will need Schedule C to input your business income and expense.  To learn more about some of your other deductions please view; Small Business Taxes, Taking Business Tax Deductions.  Please see TurboTaxPatriciaV post on how to list your startup costs;

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