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Deductions & credits
It's definitely a regular and exclusive space for tool and materials storage, but as for having a regular workplace, as a contractor, there really is no such thing. I can be working at one jobsite for months, or be at ten different ones in the course of a week.
If this is indeed an allowable deduction, how can i enter it on turbotax?
For as many people as there are working in construction who have dedicated storage spaces for tools and materials, this seems like quite a gross oversight for the IRS to not have clarified and streamlined this.
(yeah, yeah, i know ...the IRS isn't exactly known for clarity and simplicity ...hehe)
‎February 24, 2025
5:51 PM