Question

I own an interior design and renovation company. When filing my taxes using Turbotax, under what category would I record the cost of project materials?

Forum|Forum|1 year ago
February 19, 2025
1 reply
0 views

For example, I may charge say, $30,000 to renovate a bathroom. $15,000 of that is materials, where do I record the cost of project materials as a business expense?

M

MinhT1

Materials that you use in your client projects can be categorized as Supplies.

However, if you buy these materials in advance and stock them for several projects, they should be categorized as Purchases and any materials remaining in stock at year end counted as Inventory.

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"