I paid cash for tools for my business but did not get a receipt. An associate was with me. Would a letter signed by him with date & $ amount be sufficient documentation?

[mybsttuid]

I understand that I normally need receipts for business expense purchases.  A business associate witnessed the transaction.  If he signs a letter with the pertinent information, date, items purchased, cost, etc. is that sufficient documentation.

[Ashby · Accepted solution]

Someone to second your information never hurts. But, if tools are a normal part of your business operation and it was not a huge amount of money, the deduction would likely get allowed. You should have notes with regards to the purchase in terms of amount, date, store, and items.