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Can I use an equipment purchase, such as a backhoe, for a job related expense for a Heavy Equipment Operator? It is used an a learning tool for the job. We do not own our own business, but work for a construction company.
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June 4, 2019
8:13 PM
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Deductions & credits
This expense must be ordinary and necessary for you to do your job. It also cannot qualify you for a new position.
I think you are pushing it.
"To deduct
workplace
expenses
, your total itemized
deductions
must exceed the standard
deduction
. You must also meet what's called "the 2% floor." That is, the total of the
expenses
you
deduct
must be greater than 2% of your adjusted gross income, and you can
deduct
only the
expenses
over that amount."
June 4, 2019
8:13 PM