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#6
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| "Allan Martin" <Intuit_man[at]CPA.com> wrote: - quote - > "John E. Jones" <jejsjac[at]nospam.com> wrote:
Thanks to all. That's what I figured, but I wanted to be> > I have a small side business which is more like a hobby. > > Gross is less than $500 this year. My wife and I started an > > LLC for it. While filling out the 1065, I do not see a place > > to deduct advertising. I placed a one time ad in the local > > paper ~$20.00. Where would this come off? > Line 20 other deductions. safe. John << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#5
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| John E. Jones wrote: - quote - > I have a small side business which is more like a hobby.
there is a line at the end of the expense section of page> Gross is less than $500 this year. My wife and I started an > LLC for it. While filling out the 1065, I do not see a place > to deduct advertising. I placed a one time ad in the local > paper ~$20.00. Where would this come off? one called "other expenses", just above total expenses. You attach a separate schedule listing those other expenses and amounts with the total on that line on page one. Cheer$, Harlan Lunsford, EA Phenix City, AL << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#4
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| "John E. Jones" <jejsjac[at]nospam.com> wrote - quote - > I have a small side business which is more like a hobby.
Line 20, with any other deductions/expenses.> Gross is less than $500 this year. My wife and I started an > LLC for it. While filling out the 1065, I do not see a place > to deduct advertising. I placed a one time ad in the local > paper ~$20.00. Where would this come off? -- Paul A. Thomas, CPA Athens, Georgia taxman at negia.net << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#3
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| "John E. Jones" <jejsjac[at]nospam.com> wrote: - quote - > I have a small side business which is more like a hobby.
On other deductions worksheet.> Gross is less than $500 this year. My wife and I started an > LLC for it. While filling out the 1065, I do not see a place > to deduct advertising. I placed a one time ad in the local > paper ~$20.00. Where would this come off? << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#2
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| jejsjac[at]nospam.com (John) posted: - quote - > I have a small side business which is more
Enter it on the line for "Other deductions" and attach a> like a hobby. Gross is less than $500 this > year. My wife and I started an LLC for it. While > filling out the 1065, I do not see a place to > deduct advertising. I placed a one time ad in > the local paper ~$20.00. Where would this > come off? schedule if there are several items ... but if it's the only one, simply write "Advertising" on the line in the space available. Bill << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#1
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| "John E. Jones" <jejsjac[at]nospam.com> wrote: - quote - > I have a small side business which is more like a hobby.
You can put that on line 20 (Other Deductions) if it is the> Gross is less than $500 this year. My wife and I started an > LLC for it. While filling out the 1065, I do not see a place > to deduct advertising. I placed a one time ad in the local > paper ~$20.00. Where would this come off? only expense you had that had no special line for it. You can, if you need to do so, make a list of all your other deductions on a separate page of paper and place the total of those items on line 20. Wayne Brasch, CPA, M. S. Taxation << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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| "John E. Jones" <jejsjac[at]nospam.com> wrote: - quote - > I have a small side business which is more like a hobby.
Line 20 other deductions.> Gross is less than $500 this year. My wife and I started an > LLC for it. While filling out the 1065, I do not see a place > to deduct advertising. I placed a one time ad in the local > paper ~$20.00. Where would this come off? << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#-1
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| I have a small side business which is more like a hobby. Gross is less than $500 this year. My wife and I started an LLC for it. While filling out the 1065, I do not see a place to deduct advertising. I placed a one time ad in the local paper ~$20.00. Where would this come off? Thanks for any help, John << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| Tags |
| 1065 or advertising, question |
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