In this talk I will cover the self-employment business expense categories as they are listed on Schedule C part 2 expenses so let's take a look at the form business expenses are reported on lines 8 through 27 B and line 30 for expenses that do not fall into a line item category line 27 a is used for the total of all other expenses and we'll talk about these in greater detail so write-offs begin with advertising costs reported on line 8 which could include cost for print radio online or any other form of advertising that's appropriate for your business car and truck expenses are reported on line 9 and I will cover the rules for this expense in its own talk later in this segment commissions and fees are reported on line 10 which may be applicable to Commission's you pay in relation to other expenses and fees for getting or doing your work contract labor is reported on line 11 which refers the total amount that you paid independent contractors refer to the paying workers section in the Tex concept segment for more details on who is an independent contractor depletion costs are reported on line 12 and these would only apply to you if your work involves mineral property or standing timber line 13 reports depreciation and you can refer back to the depreciation talks in the text concept segment for the basics on what depreciation is and how to calculate it also in future talks in this segment we'll go over examples for depreciating computers and office furniture employee expenses are reported in three separate groups and discussed in more detail in a dedicated talk later in this segment the three categories include line 14 which reports employee benefit programs often called fringe benefits...
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Self employment tax calculator Form: What You Should Know
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