(For details it's 3D printing - bought tools to build 3d printers, repair, etc) Would like to expense the tools/printer parts and materials but not sure about depreciation and such.
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Follow these steps to declare this income and it's subsequent expenses on your return:
The program will walk you through the process of declaring this income and any expenses related to its activity. Please note that the expenses cannot create a loss. Additionally they must deducted through Schedule A and are capped at 2% of you AGI.
Follow these steps to declare this income and it's subsequent expenses on your return:
The program will walk you through the process of declaring this income and any expenses related to its activity. Please note that the expenses cannot create a loss. Additionally they must deducted through Schedule A and are capped at 2% of you AGI.
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