In State of NJ sales taxes are paid to State quarterly.
year 2021 sales tax charged /collected and included in the gross
1st qtr (Jan, Feb,March payable in April of 2021
2nd qtr (April , May , June ) payable in July of 2021
3rd qtr (July , August , Sept ) payable in October of 2021
Schedule C is Cash method and these 3 can be deducted since collected and paid in the same year
4th qtr (October , November, Dec) payable in January of 2022? ( part of gross)
Do i deduct 4th qtr in year 2021 even though its paid in 2022 since is cash method ?
