Can I take Transfer To Chime Checking Account as a deduction?

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Dixon Garcia

CPA, FlyFin

In General, the transfer of funds between your own accounts is not considered as an expense, Hence, it is not tax-deductible. Only the expenses related to your freelance business are eligible for tax deduction on Sch C of IRS Form 1040.

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About Author

Dixon Garcia

CPA, FlyFin

Dixon is one of the best tax experts from the United States. He has an experience of 28 years in the field of corporate finance. Before FlyFin, Dixon had served as the Tax Head at KPMG, NJ.