Tommy is a self-employed accountant who operates his business out of a free-standing office building that...
Tommy is a self-employed accountant who operates his business out of a free-standing office building that he owns. Which of the following may he deduct on his Schedule C?
The cost of health insurance premiums for a plan Tommy purchased through the Marketplace.
Half the amount of the self-employment taxes reported on Tommy's Schedule SE.
The cost of purchasing paper and ink cartridges for his business printer.
The cost of knocking out a back wall and adding a client waiting area to his office building.
Homework Answers
Answer is option C
c. The cost of purchasing paper and ink cartridges for his business printer.
Schedule C includes business expenses that are allowed for tax deduction.
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