Skip to main content
April 15, 2022
Question

deductions

  • April 15, 2022
  • 1 reply
  • 0 views

last year I used $3000.00 for equipment (CCTV) and installed for clients, my question is where can I list this expense in the deductions?

1 reply

April 15, 2022

If you are self-employed, you will enter as Business Deductions on Schedule C.  If you are an employee (W2), you cannot deduct on the federal tax return, but you may be able to deduct on your state return if you live in  Alabama, Arkansas, California, Hawaii, Minnesota, New York, or Pennsylvania.  The Tax Cuts and Jobs Act, eliminated the deduction of unreimbursed employee expenses at the federal level,