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viscad1
New Member

I want to claim my tool expenses how do I do that?

I tried to enter it on the site, but it is listing it as an asset as if it was my own business but it isn't
1 Reply
AmyW
New Member

I want to claim my tool expenses how do I do that?

Some employee expenses may be deductible. To qualify for the deduction, only the cost of the supplies that exceeds 2 percent of your Adjusted Gross income can be deducted. 

To find out more about job expenses, read the article below:

https://turbotax.intuit.com/tax-tools/tax-tips/Tax-Deductions-and-Credits/How-to-Use-Work-Clothes-As...

To deduct job related expenses, follow the steps below:

  • Sign into Turbotax and click Take me to my return
  • Select Federal Taxes.
  • Select Deductions & Credits, and in the next screen, click I'll choose what I work on.
  • On the Deductions & Credits choose Employment Expenses.
  • Click on the Start button next to Job-Related Expenses.
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