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I have a supplier who billed me for repair cost for operating equipment

this is equipment used for oil and gas
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3 Replies
ErnieS0
Expert Alumni

I have a supplier who billed me for repair cost for operating equipment

Are you receiving royalty income from an oil and gas property? You can deduct expenses connected with your royalties, including repairs. TurboTax automatically calculates depletion.

 

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I have a supplier who billed me for repair cost for operating equipment

I am an agent for a technology manufacturer company..  they repair equipment for my clients and they charge me and I charge back my customers..  I claim my charge to my customers as income, where do I claim the repair cost i got charged by the manufacturer.  the same happens to technical support and spare parts.

ColeenD3
Expert Alumni

I have a supplier who billed me for repair cost for operating equipment

Claim it on Schedule C as a repair cost as indicated above.

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