turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Can I add fabric to my supply expenses?

I work with fabric for my small business and would like to know how I'm able to add that to my expenses?
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

4 Replies
Vanessa A
Expert Alumni

Can I add fabric to my supply expenses?

Yes, if fabric is used as a supply in your business you can deduct it as an expense. To enter your fabric as a supply select the following:

  • Federal
  • Income and Expenses
  • Edit next to your business
  • Add Expenses 
  • Scroll down and click show more until you see Supplies and click Add Expense

 

@sarajbedford

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Can I add fabric to my supply expenses?

Because I buy it monthly, do I add the amount I spent that month??

Can I add fabric to my supply expenses?

You are filing an ANNUAL tax return so all amounts entered in each category should be the ANNUAL total. 

Vanessa A
Expert Alumni

Can I add fabric to my supply expenses?

Yes, you will add the amounts you spent every month and enter it as one lump sum. 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question