Business Conventions
Job Expenses: Menu Path: Deductions/Credits > Other Deductions/Credits > Employee Business Expenses
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Business Expenses: Menu Path: Income > Business / Rental Income > Business Income (Schedule C)
Currently, unreimbursed business expenses for employees are only deductible if you are an armed forces reservist, qualified performing artist, fee basis state and local government official, or an employee with impairment-related work expenses. If you qualify to deduct unreimbursed employee business expenses, enter any unreimbursed job expenses on the Employee Business Expenses screen.
If you are self-employed, business expenses are entered on the Business Income (Schedule C) screen.
Travel expenses for attending a convention related to your business are usually deductible. Travel expenses for conventions related to investments or financial planning are not deductible. You can only deduct the business portion of your travel expenses. If part of your trip is personal vacation and part is attending the business convention, you can only deduct your expenses related to the business convention.
Conventions held on cruise ships are limited to a $2,000 deduction per year. Foreign conventions have a variety of rules that must be met before the travel expenses are deductible; however, conventions held in North America (Canada, Mexico, etc.) are not considered foreign conventions.
-or-
Business Expenses: Menu Path: Income > Business / Rental Income > Business Income (Schedule C)
Currently, unreimbursed business expenses for employees are only deductible if you are an armed forces reservist, qualified performing artist, fee basis state and local government official, or an employee with impairment-related work expenses. If you qualify to deduct unreimbursed employee business expenses, enter any unreimbursed job expenses on the Employee Business Expenses screen.
If you are self-employed, business expenses are entered on the Business Income (Schedule C) screen.
Travel expenses for attending a convention related to your business are usually deductible. Travel expenses for conventions related to investments or financial planning are not deductible. You can only deduct the business portion of your travel expenses. If part of your trip is personal vacation and part is attending the business convention, you can only deduct your expenses related to the business convention.
Conventions held on cruise ships are limited to a $2,000 deduction per year. Foreign conventions have a variety of rules that must be met before the travel expenses are deductible; however, conventions held in North America (Canada, Mexico, etc.) are not considered foreign conventions.
