The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies


Subject:  Schedule A and/or Schedule C?? Date:  4/16/2001  2:35 AM
Author:  gurtone Number:  50327 of 130901

The last 5 years I was an employee of a sales company and itemized business/job expense deductions (ie. vehicle expense, travel, meals and entertainment, other) with Schedule A and Form 2106. On July 7, 2000 I resigned from this company as an employee and started my own company as a sole proprietor. Do I still itemize with Schedule A all the expenses that occurred prior to 7/7/00? And then all others with Schedule C? Or all on Schedule C since that is my status as of 12/31/00? I'm single and will be filing Schedule A anyway because my medical expenses and charity gifts are more than the standard deduction...........just not sure where to deduct the business expenses. Please help soon.
Copyright 1996-2020 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us