Where do I put the cost of materials for handyman jobs
I buy materials for jobs and the cost of them are included in what the client pays me. They should be subtracted from my income as an expense, but I don't know where to put them.
021531
2 Replies
HelenaC
New Member
Jun 6, 2019 3:21:12 AM
I added some screenshots for you.
HelenaC
New Member
Jun 6, 2019 3:21:14 AM
If you're not reporting inventory, enter your expenses as
follows:
Log
on to TurboTax and click on the orange button, Take Me To My Return.
Type Sch
C in the search/find bar and click search/find.
Click
on Jump to Sch C.
Click
on start/edit or Add Another Business.
TurboTax
will ask you a series of questions.
At
the 'Your xxxx Business' screen, scroll down to Business Expenses.
To
enter expenses like sales tax, cell phone and office
supplies, click start/update next to Other Common Business Expenses.
On
the Let's write off some business expenses screen, scroll down
to:
Sales
tax - report
underTaxes and
Licenses
Cost
of Purchases - report
underSupplies
All
other expenses, report
underOther
Miscellaneous Expenses.