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boldts
February 10, 2023
Question

I paid roughly $450 to apply for a patent as part of my business. I understand I can deduct this expense but where do I enter it?

  • February 10, 2023
  • 1 reply
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1 reply

CatinaT1
CatinaT1
February 10, 2023

You can enter it as fees or miscellaneous. If you want to specifically identify the expense, you can enter it under other and type patent for the expense.

 

To file a Schedule C, here are the steps: 

  1. Sign in to your account and select Pick up where you left off 
  2. At the right upper corner, in the search box, type in schedule C and Enter  
  3. Select Jump to schedule C  
  4. Follow prompts, you might be prompted to an upgrade if you have expenses 
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