You enter your cost for eligible tools you bought in the tax year to earn employment income as a tradesperson and as an eligible apprentice mechanic in the employment expenses section of TurboTax.
Note: In order to claim this deduction, you must have a signed T2200 from the employer that declares the conditions of your employment. You do not need to file the T2200 with your return, but you do need to keep a copy for your records.
To enter your tool expenses:
- Select Find in the upper-right hand corner.
- In the Find window, type Employment Expenses.
- Select Employment Expenses from the list and then select Go.
- On the Employment Expenses step, answer Yes.
- On the Employment Expenses Profile step, check Other Employment Expenses.
- When you reach the Other Employment Expenses step, scroll until you reach the Tradesperson's Tools Expense section.
- On the Employment Expenses Profile step, check Tradesperson’s tools expenses.
- Select Continue until you reach the Tradesperson’s tools expenses
In TurboTax online editions:
In TurboTax CD/download editions:
Be sure to enter the total amount you paid for the tool, not the tax credit amount ($500). TurboTax will use the amount of expenses paid that you enter to calculate the credit amount.
* If you don’t see the Find button, you may not have completed the Setting Up/Introduction step of your return. Continue through the Setting Up/Introduction step until the Find button appears.