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Why do I only get an apprentice mechanic tool expenses available to use in future years? There is no apprentice mechanic tool expenses.
I am utterly confused, I have gone through all the questions and answers and still don't understand why it works this way.
I put in cost of eligible tools ($7500.), income ($53,000.) and I get no apprentice mechanic tool expenses. I do however get apprentice mechanic tool expenses available to use in future years?
Thank you
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October 31, 2019
5:00 AM
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Self-employed
Please refer to the link below to assist you in entering your Mechanic Tool Expenses:
How do I claim a credit for a tradesperson’s tools in TurboTax? https://turbotax.community.intuit.ca/replies/2647911
And this one from the CRA on how the deductions works: Deduction for tools (tradespersons) - https://bit.ly/2DH12Nq
October 31, 2019
5:00 AM