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Self employed deduction question
I just want to clarify.
inunderstand that as an employee, you may deduct tools that are more than 2% of your income.
as a self employed maintenance, repair, and groundskeeper - can I deduct my tools purchased exclusively for and in line with common practice of use for the work type as long as they fall below the de Minimus of 2500$
for example, I needed to buy several clamps, drills, tool belt, etc
also unsure of the useful life of one year or less - as many examples of total deductions I see are tools known to last longer tHan one year
seperatly, is mileage deductible to and from the properties I work for ?
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‎November 17, 2023
2:09 AM