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Level 1
June 1, 2019
Solved

Matthew made a charge for $1,453.15 on tools for work, and we've paid $600.00 of it which amount should we deduct

  • June 1, 2019
  • 1 reply
  • 4 views
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Best answer by DavidD66

If the tools were purchased in 2016 you can deduct the entire amount on your 2016 tax return, even if you charged them and haven't paid the entire charge yet.

1 reply

DavidD66Answer
Level 15
June 1, 2019

If the tools were purchased in 2016 you can deduct the entire amount on your 2016 tax return, even if you charged them and haven't paid the entire charge yet.

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