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We are an LLC, taxed as a partnership, and I am needing clarification on where/how to deduct the cost of services such as welding/anodizing on goods to be sold.
This post is to clarify the "we" from an earlier post I made. Again, "we" are an LLC, taxed as a partnership. We recently had some work (the welding and anodizing) done on merchandise sold. I wasn't sure how to account for it since it was a "service" done on the merchandise sold. Thank you.
‎August 25, 2024
9:25 AM