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posted Jun 6, 2019 12:59:51 AM

Do I enter business expense with tax collected or without

And where do I put Texas Sales and Use Tax Payments in Turbo Tax?

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1 Replies
Level 3
Jun 6, 2019 12:59:53 AM

You can do it one of two ways: 

1.)  Report the sales net of sales tax as income on Schedule C, or 

2.)  Report the sales with tax added to it (sales + tax = gross sales) on Schedule C, and then take the sales tax paid as a deduction under Taxes Paid (that's where you'll put your Texas Sales and Use Tax Payments) in the expense section.