When determining Cost of Purchases will I count the taxes payed. I purchase the inventory at whole sale pricing and pay taxes and shipping.

 
JulieCo
New Member

Get your taxes done using TurboTax

Yes, include the total cost to you as your inventory purchase cost, so that would include the tax and shipping, if you paid it. 

View solution in original post

Get your taxes done using TurboTax

Thank you!