Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

General Discussion

(34,059 posts)

9. I believe you are confusing schedule A deductions

Tue Dec 5, 2017, 11:18 AM

Dec 2017

With schedule C business expenses.

A schedule C business is just a business that isn't a corporation. What they were decimating were deductions that compete with the standard deduction - which would be a home office deduction for an employee- not one for a business owner.

https://www.inc.com/erik-sherman/stop-panicking-tax-bills-dont-eliminate-your-business-expenses.html

Edit history

Please sign in to view edit histories.

11 replies

= new reply since forum marked as read

Highlight:

A thought - Prepay state and local income taxes now while you can [View all] fescuerescue Dec 2017 OP

That's a risky move. Ms. Toad Dec 2017 #2

I think the risk is pretty low actually fescuerescue Dec 2017 #3

I've spent a lot of time doing taxes for people who made choices Ms. Toad Dec 2017 #4

That's great fescuerescue Dec 2017 #6

They are a nice puzzle. Ms. Toad Dec 2017 #7

The bill from what I've seen really decimates Sch C mnhtnbb Dec 2017 #8

I believe you are confusing schedule A deductions Ms. Toad Dec 2017 #9

No, I am not confusing Sched A and Sched C mnhtnbb Dec 2017 #10

If you believe the bill cuts business expenses Ms. Toad Dec 2017 #11

My accountant already told me that MiniMe Dec 2017 #5