Deducting tax preparation costs

[shingy]

Hi everyone. I have a question about deducting tax preparation costs and need some help. I know the TC&JA got rid of the deduction for tax prep for individuals, but it seems like that is still allowed for businesses. So, I'm trying to determine if I'm actually eligible. Here are the details:

Last year I paid an accountant to handle two 2017 returns:

• Personal - included a Schedule C for a single member consulting LLC (still active)
• Business - consisted of a 1065 for a two member LLC (closed at the end of 2017)

It seems like I am able to deduct the cost for my personal/consulting LLC return as part of my 2018 Schedule C - is that correct?

For the business, it seems like if it was still active I could deduct it as a standard business expense. But, since it is closed, it's not clear. Can I deduct the cost on my personal/consulting LLC return? If so, where would it go?

Thanks in advance for your help.

[SeattleCPA]

You can deduct the tax accountant's fee for a business return on the business return. It's an ordinary and necessary expense of running a business.

Ask your accountant to break the fee for a 1040 into the personal and the business components...

[shingy]

You can deduct the tax accountant's fee for a business return on the business return. It's an ordinary and necessary expense of running a business.

Ask your accountant to break the fee for a 1040 into the personal and the business components...

Thanks for your response, SeattleCPA. I'm actually doing my taxes this year as I no longer have the business, so things are much more simple this year. Since I no longer have that business (the one with the 1065) and therefore no business return, where would I deduct the cost for it? Can that be deducted on my personal/consulting LLC taxes, or is it now a lost deduction?

Likewise, how do I handle the cost for my personal/consulting LLC return? Can it be deducted as an expense on my 2018 Schedule C, along with the other expenses?

Thanks for your help.