Sec.179 ...I am a Steamfitter ...I receive a W2 ...Can I list (deduct) the cost of my Tools thru Sec.179 on my 2019 Tax Ret ? Or must I use Sched. C ...Please advise...

mgrafton — Thu, 06 Jun 2019 05:54:23 GMT

If you work for someone else (W2 employee), you can inclu...

Fern — Thu, 06 Jun 2019 05:54:25 GMT

If you work for someone else (W2 employee), you can include the cost of your tools in the Employment Expense section of Turbo Tax. You can take a Section 179 deduction for depreciable assets you have purchased. You should not use a Schedule C because you are not considered to be self-employed.

Your deductions are considered employee business deductions. Employee business deductions are part of the Miscellaneous Itemized Deductions category. This category must exceed 2% of your adjusted gross income before they can be included in your itemized deductions. Turbo Tax will do the 2% calculation for you. This means if your adjusted gross income is $30,000, and your Miscellaneous Itemized Deductions are $750, $150 will be included in your itemized deductions.

To enter these expenses as employment expenses:
Select Federal Taxes
Select Deductions and Credits
Select Show More at Employment Expenses
Select Start at Job Related Expenses

topic Sec.179 ...I am a Steamfitter ...I receive a W2 ...Can I list (deduct) the cost of my Tools thru Sec.179 on my 2019 Tax Ret ? Or must I use Sched. C ...Please advise... in Deductions & credits

Sec.179 ...I am a Steamfitter ...I receive a W2 ...Can I list (deduct) the cost of my Tools thru Sec.179 on my 2019 Tax Ret ? Or must I use Sched. C ...Please advise...

If you work for someone else (W2 employee), you can inclu...