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I want to claim my tool expenses how do I do that?
I tried to enter it on the site, but it is listing it as an asset as if it was my own business but it isn't
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June 6, 2019
3:40 AM
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Deductions & credits
Some employee expenses may be deductible. To qualify for the deduction, only the cost of the supplies that exceeds 2 percent of your Adjusted Gross income can be deducted.
To find out more about job expenses, read the article below:
To deduct job related expenses, follow the steps below:
- Sign into Turbotax and click Take me to my return
- Select Federal Taxes.
- Select Deductions & Credits, and in the next screen, click I'll choose what I work on.
- On the Deductions & Credits choose Employment Expenses.
- Click on the Start button next to Job-Related Expenses.
June 6, 2019
3:40 AM