Which TurboTax Software fits me? With house mortgage and business.?
I have my own regular salary from work. I registed a furniture company (sole proprietor) in May this year but I haven't started the business yet. I went to oversea for looking for a good manufacturer last month.
1. Could I claim the travel fee, register fee and advertistment fee (for the company) as expenses?
2. I don't have any income from my business. Could I claim the above expenses from my regular income?
3. Which TurboTax Software fits me?
Thank you for all of you.
2006-12-18 06:01:46 · 2 answers · asked by YY 1 in Business & Finance ➔ Taxes ➔ United States
You're much more likely to get a really informed answer on the TurboTax forums. They have a whole board specifically for this kind of question. See Sources.
2006-12-18 12:26:59 · answer #1 · answered by Anonymous · 0⤊ 0⤋
1) These are "Start-Up" expenses and are only deductable after the business opens.
2) No. See above.
3) Any of them should work fine. The deluxe versions tend to have a few more bells and whistles that don't effect the final tax outcome.
2006-12-18 06:11:29 · answer #2 · answered by Wayne Z 7 · 0⤊ 0⤋