Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

cancel
Showing results for 
Search instead for 
Did you mean: 
clevelhe
New Member

Does it really matter whether you put items in "supplies" versus office supplies....does the deduction amount differ?

 
1 Reply

Does it really matter whether you put items in "supplies" versus office supplies....does the deduction amount differ?

Office supplies are items the business uses to provide goods or services. Ex: drugs and medication used by a veterinarian; cleaning supplies used by a plumber; household supplies and food that the children use at a daycare, etc…

Office expenses are small items such as pens, pencils, paper clips, stationery, stamps.

 

If the expense is placed in the incorrect area it may alert the Canada Revenue Agency (CRA) to question the expense as per your kind of business. It may or  may not make a difference in the deduction amount.

 

Thank you for choosing TurboTax.