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Deductions & credits
On Sch C the supplies category is one option or you can list it those supplies with a description under "Other" expenses. Preparers tend to put things under supplies since it is easy and works but customers tend to like the :other" column so they can name them.
Helpful links:
Small Business and Self-Employed Tax Center - complete guide
- About Schedule C (Form 1040), Profit or Loss from Business
- Publication 535, Business Expenses
- Publication 583, Starting a Business and Keeping Records
- Self-Employment Taxes
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‎January 31, 2024
2:07 PM
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