mericson
Level 2
03-24-2022
04:22 PM
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When I prepare returns for a client with Sch C business or Sch E rental activity, a portion of my fee is deductible as a business expense in the year paid. So TY21 return, fees charged in TY22, for example.
However if activity ceased in TY21, where can these fees be deducted? File Sch C or Sch E with only that expense?
Appreciate the wisdom of the crowd.
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sjrcpa
Level 15
03-24-2022
05:16 PM
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" File Sch C or Sch E with only that expense?"
You could but unless it's ginormous I think I'd skip it.
The more I know the more I don’t know.
