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How can I enter an amount for line 8871 management and admin fees on a self employment return?
None of the questions for business expenses seem to allow for the entry of this line.
June 8, 2023
4:45 PM
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Troubleshooting
no one has an answer for this? I was able to claim this last year 2022, but there is no where I can find to input this in the 2023 turbotax
March 27, 2024
9:25 AM
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Troubleshooting
"Management and Administration fees" is called "Banking Fees" in TurboTax Self-Employed Online 2023.
March 27, 2024
9:42 AM
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Troubleshooting
:(I have the same question. Someone else said it's called "Banking Fees" this year, but I have Admin fees that aren't banking related. I stuck it under "Misc."
I found TT really hard to use this year. Not impressed.
Edit: I enabled the "live help" option and received a call back almost immediately. The rep who helped me and reviewed my return was great. Hopefully, TT will make the software a little more intuitive again next year.
April 28, 2024
11:32 AM