State Sales Taxes

Forum|Forum|2 years ago
February 13, 2024
1 reply
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Where on my TurboTax Schedule C do I put what I paid in state sales taxes for my sales at craft shows?

TurboTax Home & Biz Windows

Best answer by mglauner

The Sales Tax you paid on your craft show sales would be a Business Expense for you, on Schedule C, Line 23.

If you're using TurboTax Windows, you can enter the amount there directly in FORMS mode.

Or, if you Edit your Business, you'll come to Business Expenses > All Other Expenses > Taxes/Licenses, where you can enter the amount.

Here's more info on Taking Business Tax Deductions.

mglaunerAnswer

The Sales Tax you paid on your craft show sales would be a Business Expense for you, on Schedule C, Line 23.

If you're using TurboTax Windows, you can enter the amount there directly in FORMS mode.

Or, if you Edit your Business, you'll come to Business Expenses > All Other Expenses > Taxes/Licenses, where you can enter the amount.

Here's more info on Taking Business Tax Deductions.

duffy4444Author

Thank you so much for your help!

Cheers, Duffy

ThomasM125

In actuality, sales taxes are not deductible as you are simply collecting them from the customer and remitting them to your state and/or local taxing authority. So, you should report your sales net of sales taxes collected, and simply leave the sales tax off of your return. For instance, if you sold an item for $10 and collected another $1 in sales tax, you would report your sales in TurboTax as $10. The tax you simply collect and then send to the government, it is not income or expense to you.

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