Matthew made a charge for $1,453.15 on tools for work, and we've paid $600.00 of it which amount should we deduct

posted

Connect with an expert

1 Best answer

Accepted Solutions

Matthew made a charge for $1,453.15 on tools for work, and we've paid $600.00 of it which amount should we deduct

If the tools were purchased in 2016 you can deduct the entire amount on your 2016 tax return, even if you charged them and haven't paid the entire charge yet.

View solution in original post

1 Reply

Matthew made a charge for $1,453.15 on tools for work, and we've paid $600.00 of it which amount should we deduct

If the tools were purchased in 2016 you can deduct the entire amount on your 2016 tax return, even if you charged them and haven't paid the entire charge yet.

Still have questions?

Questions are answered within a few hours on average.

Post a Question

*Must create login to post

Expert does your taxes

Do it yourself

Resources

Support

Matthew made a charge for $1,453.15 on tools for work, and we've paid $600.00 of it which amount should we deduct

Matthew made a charge for $1,453.15 on tools for work, and we've paid $600.00 of it which amount should we deduct

Matthew made a charge for $1,453.15 on tools for work, and we've paid $600.00 of it which amount should we deduct

Unlock tailored help options in your account.

Get more help

Do you have a TurboTax Online account?

Matthew made a charge for $1,453.15 on tools for work, and we've paid $600.00 of it which amount should we deduct

Do you have an Intuit account?

Matthew made a charge for $1,453.15 on tools for work, and we've paid $600.00 of it which amount should we deduct

Matthew made a charge for $1,453.15 on tools for work, and we've paid $600.00 of it which amount should we deduct

Unlock tailored help options in your account.

Get more help

Related Content