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Deductions & credits
I take it that this company is a sole proprietorship and not a corporation or partnership?
The 50% refers to the fact that a contribution in this category cannot exceed 50% of your income.
Enter the full amount of the materials used in this job (you cannot deduct the value of your time) and let TurboTax determine if it needs to be limited.
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‎July 12, 2020
3:32 PM