Skip to main content
March 29, 2022
Question

2021 Business deductions

  • March 29, 2022
  • 1 reply
  • 0 views

I have noticed that I am unable to itemize and deduct my material, supplies, expenses, and entertainment deductions this year for my sole proprietor as there is no prompt for it.

Am I missing something?

1 reply

AliciaP1
March 29, 2022

You may have entered your business income in a way that doesn't qualify as Schedule C income.  You can enter your business income and expenses by following these steps:

 

  1. Open or continue your return in TurboTax
  2. Search for Schedule C and select the Jump to link at the top of the search results
  3. Answer Yes on the Did you have any self-employment income or expenses? screen
    • If you land on the Your 2021 self-employed work summary page, select Review next to the work you're adding income for
  4. Answer the questions on the following screens until you arrive at Let's enter the income for your work
  5. Select Other self-employed income and Continue
  6. On the next page you can enter any cash, personal checks, credit card payments, or cryptocurrency (Form 1099-K) related to your self-employment.
**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"