Question

What account under federal taxes "what's this for" would I put materials purchased for a construction job under? Other COGS?

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If you own a construction business you can deduct your business expenses by following the directions below.

You can expense them as Supplies.

To Enter Your Business Supplies:

1. Select "Business" at the top of the screen

2. Choose "Continue", then "I'll choose what I work on"

3. Select "Start" next to "Business Income and Expenses"

4. Select "Edit" next to your business name

5. Scroll down to Business Expenses

6. Now select "Start" next to "Other Common Business Expenses"

7. Select "Start" next to "Supplies"

-for more information follow this link-

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