Hi folks,
-- This question is for those of you who have setup an informal DIY / garage lab at home.
I spent ~ $10K in 2020 on setting up a home lab, but this is not registered formally as a corporation or an LLC in the US.
I wonder if there are any clauses in the IRS tax code for 2020 that will allow me to subtract these expenses as a tax credit, so my Adjusted Gross Income would be lowered.
Any and all advice about this would be greatly appreciated. Thanks in advance.
Best,
Tom
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