Home Expenses: Keeping track of supplies, project purchases, and anything you have spent on your home or a rental home you have can mean a savings on your income taxes in the year you spend the money or a long term savings at the sale of the property. Either way it is very important to have all your details in one place. Your tax man/woman will love you for sure! Even if you do the taxes yourself, this will save you a lot of headaches at the end of the year. Remember to separate the deductible, from the non-deductible, what you can claim now from what you can claim later at the sale of your property, and the labor you hired to help you. A page for each would work well. Total purchases at the bottom of the form and you have the amount you need ready for tax time. A suggestion to make it even easier is to either paper clip the actual receipts to the back of the form or put them in a plastic envelope with punch holes next to this form in your notebook. This prevents the loss of your valuable receipts and proof of deductions claimed.
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This picture is just to give you a general idea of what the forms will look like. Turning the form into a picture has greatly reduced the quality, so there are distortions that do not appear in the actual form.