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revgirrl
New Member

On Schedule C, where do I enter sales tax paid on resale goods?

I have a furniture resale business and in previous years there was a place to report sales taxes paid to state franchise tax board, but it is not longer on Schedule C. 

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1 Reply
MinhT
Expert Alumni

On Schedule C, where do I enter sales tax paid on resale goods?

The sales taxes paid to the State Franchise board is deductible and is reported on Schedule C line 23 - Taxes and licenses. In TurboTax, you do not enter directly the amount of sales tax paid on Schedule C. You enter it in business expenses under Taxes and Licenses and TurboTax will transfer the total to line 23 of Schedule C.

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