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Bohinjsko Jezero hotel bookingStarting Your Business/Keeping Records You can deduct as a trade or business expense the cost of preparingthat part of your tax return relating to your business as a sole proprietor. The remainingcost is deductible on ScheduleA (Form 1040) if you itemize your deductions. You can also take a business deduction for the amount you pay orincur in resolving asserted tax deficiencies for your business as a sole proprietor. Publication 535 Business Expenses |