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February 6, 2025
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Filling up schedule c on expenses ' how to write it

  • February 6, 2025
  • 1 reply
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I have lowes ' home depot ' harbor freight ' all receipt contains all business 100% tools supplies ' can i just write on the column ..example home depot 1 year receipt $1250 ... or do i have to listed bleach 10 gallon. $125 ' any one have sample ? To filling it properly ' so sound clear and honest to irs ' or who read it

Best answer by SharonD007

No, you don't have to list each individual receipt.  You can add up the receipts in each category (supplies, office expenses, meals, etc.). Review What self-employed expenses can I deduct? to determine what business expenses you can deduct.

 

Also, take a look at the TurboTax article Reporting Self-Employment Business Income and Deductions for more information on business deductions.

1 reply

SharonD007
February 6, 2025

No, you don't have to list each individual receipt.  You can add up the receipts in each category (supplies, office expenses, meals, etc.). Review What self-employed expenses can I deduct? to determine what business expenses you can deduct.

 

Also, take a look at the TurboTax article Reporting Self-Employment Business Income and Deductions for more information on business deductions.

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February 6, 2025

Is it mean i need to write individually whats on receipt ? Example ' pressure wash on asset ' bleach on supplies ' ?  

What if the stuff i use to do the business ' example ' i use christmas lights on install christmas light ' what they consider ? Supplies ? Because each receipt i have usually ' specific business ' example 1 year home depot all receipt for pressure wash ' 1 year receipt for christmas light business ? 

 

Thank you again

 

SharonD007
February 6, 2025

Yes, you can write what you purchased on each receipt and keep the receipts for supporting documentation.

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