Deductions for Credit Card Fee?

[mountainside13]

I have had parents pay with debit cards this past year and wondering if I can claim the fee as a deduction? If I can is it 100% or time/space?


Also what about my tax preparation fees from last year?

Thank you!!

[TomCopeland]

fee

I have had parents pay with debit cards this past year and wondering if I can claim the fee as a deduction? If I can is it 100% or time/space?


Also what about my tax preparation fees from last year?

Thank you!!

You can deduct 100% of any credit/debit card fees associated with parent payments. You can deduct that portion of your tax preparation fees associated with preparing your business tax forms: Form 8829, Form 4562, Schedule C, Schedule SE.

[mountainside13]

You can deduct 100% of any credit/debit card fees associated with parent payments. You can deduct that portion of your tax preparation fees associated with preparing your business tax forms: Form 8829, Form 4562, Schedule C, Schedule SE.

Thank you!!!