
Originally Posted by
Schwefel1995
been thinking about keeping all my expense receipts (Gas, tools, clothing, etc..) and all my scale receipts. Im just a hobbist, not a business as of right now. just don't wanna claim anything if im just gonna have to pay in when I file..
thanks!
that is a yes and no but there is a cost that could add up quickly. If you use your house as storage you take the sq footage that it takes up and its share of the power, water, gas use as well. You can put a price as "rent" as you see fit (does not have to be the monthly costs of rent). But again...best to talk to someone who knows accounting.
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