Taxes with a NEC
I rent a booth in antique mall. I am charged $150 month rent and a 15% commission . On my end of year earnings, that rent is not included even though it is taken out of my sales. Can I then claim this rent as a deduction. If not, why not?
Terry Says
If you can document it as a business expense, it certainly should be a business deduction! You need to get a CPA to do your taxes — or use TurboTax to make sure you collect all your deductions, and reduce your taxes.
