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Woodworking shop tools for carpenters and woodworkers

$500-$15,000

Can You Write Off Woodworking Shop Tools for Carpenters and Woodworkers?

Short answer: Yes for a woodworking business; a hobby shop isn't deductible.

Sales with a profit motive make it a business.

Records to keep: Keep receipts, 1099s and platform tax summaries, a mileage log, and a note of the business purpose.