cactush67
New Member

Where do we claim sales commissions on cattle sold?

 

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Sales commissions on livestock are usually deducted from the gross proceeds of the livestock sale so you just enter the net proceeds as income. If you want to enter sales commission expenses separately yourself, you can enter them under Other Miscellaneous Expenses and describe the expense.

Please view the page snip below;

MinhT
Expert Alumni

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Yes, sales commissions paid for the sale of cattle is a deductible business expense.

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