topic I am a self employed carpenter .Where do I enter tool expenses? in Getting started https://turbotax.community.intuit.ca/community/getting-started/discussion/i-am-a-self-employed-carpenter-where-do-i-enter-tool-expenses/01/912997#M7233 Wed, 30 Oct 2019 16:18:19 GMT user193514509063 2019-10-30T16:18:19Z I am a self employed carpenter .Where do I enter tool expenses? https://turbotax.community.intuit.ca/community/getting-started/discussion/i-am-a-self-employed-carpenter-where-do-i-enter-tool-expenses/01/912997#M7233 Wed, 30 Oct 2019 16:18:19 GMT https://turbotax.community.intuit.ca/community/getting-started/discussion/i-am-a-self-employed-carpenter-where-do-i-enter-tool-expenses/01/912997#M7233 user193514509063 2019-10-30T16:18:19Z Tools are considered to be Capital Assets so they are inc... https://turbotax.community.intuit.ca/community/getting-started/discussion/tools-are-considered-to-be-capital-assets-so-they-are-inc/01/912998#M7234 <P>Tools are considered to be Capital Assets so they are included in the CCA (Capital Cost Allowance) section of the Expenses. The expenses will be depreciated over time rather than all at once.</P><P>Tools under $500 belong to class 12. Tools over $500 (each) belong to class 8.</P> Wed, 30 Oct 2019 16:18:21 GMT https://turbotax.community.intuit.ca/community/getting-started/discussion/tools-are-considered-to-be-capital-assets-so-they-are-inc/01/912998#M7234 TurboTaxJennifer 2019-10-30T16:18:21Z
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I am a self employed carpenter .Where do I enter tool expenses?
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