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Home Repair Business Materials

Do materials used in the repair of customers homes get listed under expenses>supplies or another category?

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2 Replies

Home Repair Business Materials

Yes Supplies is a good spot for materials.  Or under Other Misc expenses.

Carl
Level 15

Home Repair Business Materials

Assuming you are self-employed as a handyman or something and you report your business income/expenses on SCH C as a part of your personal 1040 tax return, it really doesn't matter if you call them "supplies" or "expenses" the deduction is the same. But since you're talking about something that you can physically touch and hold, I would list your materials as supplies since that is "in fact" what they are. (You can't complete the job without them, right?)

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