I am employed as a carpenter by a company and have my own very small business as carpenter. I buy all my own supplies, tools and materials. Where do I deduct these?

[AJ4]

I am employed as a carpenter by a company, plus have my own small business as carpenter.  Both require me to buy all my own supplies, tools and materials.  Where do I deduct these from my income?

[Coleen3]

Your portion as an employee goes on Form 2106 and is transferred to Schedule A if you itemize.

If you are an employee, business expenses go on Schedule A, Itemized Deductions, Line 21. 

• Go to Federal Taxes
• Deductions and Credits
• Employment Expenses

*As of 1/1/2018, there is no longer a deduction for employee business expenses with TCJA.

If you are self-employed  it goes on Schedule C, Profit or Loss from Business. You can put that portion under supplies unless you keep an inventory. 

Report income without a 1099. Here's how to do that:

• Click on Business on the top row of TurboTax Self-Employed Online.
• Go to Business Income
• Under General Income, click Start
• Enter any income from sales or services that weren't reported on Forms 1099-MISC