Change the deductibility of a business
expense
As a sole
proprietor, you report your business income and deductible business
expenses on Schedule C. Designate your business categories as
deductible or nondeductible, and Money will track your expenses and
create Schedule C reports-making tax time easier and helping you
take all the tax deductions for which you qualify.
- Click Taxes, click Tax Tools,
and then click Tax Line Manager.
- In the left pane, under Common tasks, click
Go to Schedule C setup.
- At the top of the list, click the arrow, and then click
All Schedule C Lines or Non-Empty Schedule
C Lines.
- Click the category you want to change.
- At the bottom of the screen, do one of the following:
- To make the expense category deductible, click
Include.
- To make the expense category non-deductible, click
Exclude.