Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

cancel
Showing results for 
Search instead for 
Did you mean: 
darcymacd
New Member

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

 
1 Reply

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

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?