TurboTax Lab Cost Questions?

[mooney101]

Anyone using Turbo tax and/or know where to list your lab cost at? For examples does it go in Supplies, Office Expenses, Other Miscellaneous, etc.. Thank You

 

[MLeeK]

I don't use turbotax, but if I had to choose it would be supplies.
I tried comparing turbotax to my accountant one year... The accountant won by a landslide.

 

[jwbryson1]

Anyone using Turbo tax and/or know where to list your lab cost at? For examples does it go in Supplies, Office Expenses, Other Miscellaneous, etc.. Thank You

Does it really matter if they are all deductible business expenses? Are these capital expenses?

 

[KmH]

Anyone using Turbo tax and/or know where to list your lab cost at? For examples does it go in Supplies, Office Expenses, Other Miscellaneous, etc.. Thank You

Turbo Tax?

What lab costs? Your lab? Capital equipment? Chemicals? Supplies? Costs incurred at a venders lab like MpixPro or H&H?

At the least you should be asking an accountant (A C.P.A. is even better), not a photography forum.

 

[mooney101]

I mean like HH MpixPro lab cost thank you

 

[jwbryson1]

I mean like HH MpixPro lab cost thank you

See comment 3 above. JWB (JD, LLM (Tax), CPA)

I'm a tax guru.

Or don't listen to me. Follow Keith's advice and talk to your accountant.

 

[Big Mike]

Cost of Goods Sold.

 

[AmandaRobinson]

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