It depends.
You are able to claim any ordinary and necessary business expense that relate to your self-employment business.
This can include such things as any business miles driven to a client or work location, home office expense if you uses a part of your home exclusively for your job and supplies or equipment used in your work to name just a few.
Please refer to this IRS link for more information about Business Expenses
For business equipment -
If each piece of equipment is less than $200 per item, you can include the tools under Business Expenses > Other Common Business Expenses (start/update) > Other Miscellaneous Expenses (start/update). You can enter this as "Office Safe" and enter the amount (See Screenshot)
If however a piece of equipment is substantially more than $200, you will need to enter each item (the rest can still be expensed as above) that is over this amount individually as an asset (you will still be able to claim the full expense as an IRC section 179 deduction if she has enough income to offset this deduction. Otherwise you will be able to take a depreciation expenses over the life of the items).
Enter each asset under the Your () Business Summary page under assets. Follow the TurboTax guidance to help you enter this information.
To enter business income and expenses, once you have signed into your TurboTax Account (for TurboTax Online sign-in, click Here , then select "Take Me to My Return"), type "Schedule C" in the search bar then select "jump to Schedule C".
Im doing my 2018 taxes. Where do i enter a business supply expense? like my husband is in the concrete business & has a big expense paying for concrete that is for his jobs.
Enter it under SUPPLIES ... or make your own category if you like ...
There are 17 unique categories for entering business expenses in the TurboTax Home and Business program for a Schedule C. If you have a particular expense that does not fit in the other 16 categories listed use Other Miscellaneous Expenses at the bottom of the list.
On the next screen, click on Edit for your business listed.
On the next screen scroll down to Business Expenses
On Other Common Business Expenses, click on the start or update button
Where do i enter deductions for business tools on turbo tax home and business?
How do i enter deductions for business tools on turbo tax home and business?
Either enter tools under Supplies or as Other Misc Expenses. If one is over 2,500 you should enter it as an Asset and depreciate it.
For the Home & Business version:
Go to Business tab- then Continue
Business Income and Expenses - Click the Start or Update button
Then click EDIT by the business name and the next screen should be a list of topics,
Business Profile, Income, Inventory/Cost of Goods Sold, Expenses, Assets, and Final Details last.
Under Business Expenses, Click Start or Update by Other common business expenses. You should see the list of expenses and amounts you entered.
Then click the start or update button by the expense you want to add or edit.