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lgduarte
Level 1

I am entering payments for Internet services as a business deduction. Next year, the payment will be folded into my Homeowner's association bill. Can I still deduct this?

 
4 Comments 4
Rustler
Level 15

I am entering payments for Internet services as a business deduction. Next year, the payment will be folded into my Homeowner's association bill. Can I still deduct this?

yes just enter the amount paid for internet as a business expense

lgduarte
Level 1

I am entering payments for Internet services as a business deduction. Next year, the payment will be folded into my Homeowner's association bill. Can I still deduct this?

My concern is that I won't have a receipt showing I pay for this service, since it is part of the HOA, but the HOA was increased that amount so I am still paying for it, just not directly to the cable company. In case of audit, I cannot show a receipt for that amount. Would that be OK?

lgduarte
Level 1

I am entering payments for Internet services as a business deduction. Next year, the payment will be folded into my Homeowner's association bill. Can I still deduct this?

My concern is that I won't have a receipt in that amount to show an auditor. The HOA was increased by that amount to cover the Internet service, but I will be paying the HOA and not the cable company and the amounts won't match.

Rose-A
Moderator

I am entering payments for Internet services as a business deduction. Next year, the payment will be folded into my Homeowner's association bill. Can I still deduct this?

Hi, lgduarte.

 

QuickBooks Self-Employed helps you with record-keeping and receipts at the individual transaction level. However, for transactions without receipts, I'd suggest reaching out to IRS. They can provide more expert ways of dealing with the situation.

 

To learn more about organizing your transactions, you can refer to the resources below:

 

In case you want to know some "How do I" steps in QuickBooks Self-Employed, you can always visit our Help Articles page for reference.

 

Please get back to me if you have any other QuickBooks concerns. I'm here to help at any time. You have a wonderful day!

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