how do you claim your website monthly fees for your ecomerce business?

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how do you claim your website monthly fees for your ecomerce business?

income tax reporting

2007-01-13 12:36:44 · 2 answers · asked by jose b 1 in Computers & Internet ➔ Internet

2 answers

You need schedule C if you are a sole proprietor this is your profit and loss of running a business once you fill that out you would enter the amount of profit or loss on the 1040.

2007-01-13 12:45:22 · answer #1 · answered by ikeman32 6 · 0⤊ 0⤋

You can deduct the monthly fee for internet service for business or investment, but only that % that is used just for those reasons.

2007-01-13 20:44:23 · answer #2 · answered by topcat_TEC 5 · 0⤊ 0⤋