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TomCopeland 10:51 AM 03-03-2017
Originally Posted by mindi1314:
Hi Tom - in the thick of taxes right now and full of questions. So very much appreciate a place to turn and have an educated answer. Calms all my fears !
Question is this -
When I start inputting my expenses such as operating supplies, do I need to list each item or can I bulk together as long as I have receipts to verify ?
Example - instead of saying crayons, paper, paint, glue, etc can I just add up all those items and list as "art supplies"
Can't imagine IRS wants me to list EVERY single item.
Thank you
You can lump together expenses such as supplies rather than listing them separately. So, yes, say "art supplies".
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