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ualhisan
Returning Member

I am a transportation business, for services I burchase from other companies and resell do I report it as expens or cost of goods?

 
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3 Replies
SharonD007
Employee Tax Expert

I am a transportation business, for services I burchase from other companies and resell do I report it as expens or cost of goods?

Please clarify what type of services you purchase and resale.  

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ualhisan
Returning Member

I am a transportation business, for services I burchase from other companies and resell do I report it as expens or cost of goods?

My company is a limousine company and in many cases I hire limousines from other companies to offer service to my customers

ThomasM125
Employee Tax Expert

I am a transportation business, for services I burchase from other companies and resell do I report it as expens or cost of goods?

That would be Contract Labor, not cost of good sold. You'd find it in the business expenses section of TurboTax.

 

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