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State tax filing
Here is a list of business tax classifications.
The state B&O tax is a gross receipts tax. It is measured on the value of products, gross proceeds of sale, or gross income of the business.
Washington, unlike many other states, does not have an income tax. Washington’s B&O tax is calculated on the gross income from activities. This means there are no deductions from the B&O tax for labor, materials, taxes, or other costs of doing business.
In addition, some cities impose the B & O tax, see here.
WA does not have an income tax return so this is not supported by TurboTax.
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January 30, 2024
9:38 AM