Any advice on the best place on a Schedule C for where to put down what seems to be de minimus expense? My Schedule C client is a daycare provider who spent $200 twice on flowers last year, once to give all mothers on Mother's Day and the second time for children who were "graduating" from pre-school into kindergarten. I'm not quite sure where to put this expense down. Any advice is greatly appreciated. Thanks.
I've been doing returns for about 7 years and my mentor taught me that putting items under miscellaneous can be red flags and trigger audits. Is that your understanding as well?
I avoid miscellaneous as much as possible but sometimes, you have no place else for an amount to go so I go with miscellaneous or other. Usually I try to get creative and find a description that works before going the miscellaneous route.
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