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erickasmith97
April 15, 2022
Question

Quickbooks grouped a lot of transactions together in other misc expenses. Does the IRS require to break those into detail or is it ok to have 1 large amt in tht category?

  • April 15, 2022
  • 1 reply
  • 0 views
I have all the other things broken out (vehicle, communications, assets, etc), just not the "other miscellaneous expenses" category.

1 reply

AliciaP1
AliciaP1
April 15, 2022

Yes, it is ok to have a large amount lumped together.  If you know of a specific category that is shown on your tax return that got lumped, you should adjust both totals and split that amount out.

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