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posted May 2, 2021 11:26:22 AM

For self employment - is software recorded under office supplies or other supplies?

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Level 6
May 21, 2021 2:16:17 PM

Thank you for choosing TurboTax. Software will be recorded under office supplies. 

Office Expenses are costs related to the operation of your business. These include items such as web site services, computer software, domain names, merchant fees, desktop computers, etc. However, higher priced office expenses, e.g. computers, smartphones, are considered assets and can be depreciated. 

Supplies are items that aid in the operation of your business. These include items such as printer ink, paper clips, paper, pens, staples, record keeping supplies, janitorial supplies, break room supplies, etc. 

Please check out our blog: What Kind of Expenses Can You Claim for Your Small Business?