Consignment fees as a business expense?

[Uhurung20251]

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?

[VolvoGirl]

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.   

[Uhurung20251]

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

[VolvoGirl]

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

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