Building materials may be reported on the business portion of your tax return in more than one area.
1. If you are in the business of selling building materials, the concrete purchases may be including in Inventory.
2. If you are in the construction business, concrete may be included in job-costs (Expenses - Supplies).
3. If you are in another business and used the building materials to improve your property, the entire cost of the improvements may be an Asset for Depreciation.
4. If you are in another business and used the concrete to repair or maintain an existing site or building, the concrete purchase may be included in Expenses - Repairs/Maintenance (or Supplies).
All of these options are found under the Business section of TurboTax. Look for the terms mentioned above as you work through the interview screens.
To find any section of TurboTax easily, go
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