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TomCopeland 02:58 PM 01-09-2019
Originally Posted by lovemykidstoo:
I have the book and have been reading through it and trying to find the best way to do it. So my house insurance, taxes, utilities, repairs can all go under just "expenses", because those are t/s% right? Then what about other expenses that are 100% such as activity expenses, gifts, toys, training should go under a different expense? What about cable/internet?
Expenses are either 100% business or shared (use your time-space%). You can lump 100% supplies together with time-space% supplies and put them on one line on Schedule C, as long as you are keeping your own records to show how you came up with the final number. It's not necessary to list 100% items separately from time-space% items. Cable/internet are utilities that go on Form 8829.