Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
Your taxes, your way. Get expert help or do it yourself. >> Get started
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

cancel
Showing results for 
Search instead for 
Did you mean: 
yashK
Level 3

Tax implication of ordering furnitures for home office.

Hello

 

I was working in Colorado. Recently due to covid, my company gave full remote option. I moved to midwest and started working from home. My company is reimburaing me for buying furnitures for my home office. Let say if i buy furniture worth 500$. Is it taxable. I am not sure if the company will ask me to return the furniture if in future i leave the company

2 Replies
xmasbaby0
Level 15

Tax implication of ordering furnitures for home office.

Ask your employer if the reimbursement for the furniture will be added to your W-2, and whether they will want the furniture if you leave the job.   As for claiming the expense for buying the furniture on your tax return you cannot do that.   Job-related expenses are not deductible on a federal tax return for W-2 employees.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
yashK
Level 3

Tax implication of ordering furnitures for home office.

If They do not add it in w2 and they do not ask to return it . In that case, do i need to add it in my income ?

About Community

Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement.

3.49m
Members

2.63m
Discussions

Manage cookies
v