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Lockbox and Supra key fees

$15-$30/mo

Can You Write Off Lockbox and Supra Key Fees?

Short answer: Yes: electronic key and lockbox fees are deductible business costs.

Self-employed people deduct ordinary and necessary business costs on Schedule C, which lowers both income tax and the 15.3% self-employment tax.

Records to keep: Keep receipts, 1099s or W-2s, a mileage log, and a note of the business purpose. W-2 employees should ask about employer reimbursement.