Consignment fees as a business expense?

I am an author and sell my books at a bookstore. Bookstore takes 45% of my book price as a consignment fee. So if I sell my book for $23, bookstore takes $10.35, I get $12.65. Can I claim the $10.35 as a business expense?

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Consignment fees as a business expense?

Yes if you claim the full price as income. If you only report the 12.65 as income you can’t deduct the consignment fee.

Consignment fees as a business expense?

This applies to Canada, or just in U.S., or both?

Consignment fees as a business expense?

Don’t know anything about Canada. Here is the Canada forum

https://turbotax.community.intuit.ca/tax-help

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