DS30
New Member

Business & farm

It depends.

You are able to claim any ordinary and necessary business expense that relate to your self-employment business.

This can include such things as any business miles driven to a client or work location, home office expense if you uses a part of your home exclusively for your job and supplies or equipment used in your work to name just a few.

Please refer to this IRS link for more information about Business Expenses

For business equipment -

If each piece of equipment is less than $200 per item, you can include the tools under Business Expenses > Other Common Business Expenses (start/update) > Other Miscellaneous Expenses (start/update). You can enter this as "Office Safe" and enter the amount (See Screenshot)

If however a piece of equipment is substantially more than $200, you will need to enter each item (the rest can still be expensed as above) that is over this amount individually as an asset (you will still be able to claim the full expense as an IRC section 179 deduction if she has enough income to offset this deduction. Otherwise you will be able to take a depreciation expenses over the life of the items).

Enter each asset under the Your () Business Summary page under assets. Follow the TurboTax guidance to help you enter this information.

To enter business income and expenses, once you have signed into your TurboTax Account (for TurboTax Online sign-in, click Here , then select "Take Me to My Return"), type "Schedule C" in the search bar then select "jump to Schedule C".