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mike-graydon-hot
April 1, 2024
Question

I have a question about tool supply and CCA. Do I add the cost of the tool to the supplies list and also to the CCA list? It is a paint sprayer that was over $500.

  • April 1, 2024
  • 1 reply
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The cost of the sprayer was over 500 so I classed it under class 8 for tools. Do I also keep it under supplies category or just use one or the other?

    1 reply

    TurboTaxSusan
    TurboTaxSusan
    April 1, 2024

    If you claim an asset in the CCA section, then you can't claim it in the expenses section too. You have to pick one or the other.

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