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Strange Sales Tax Deduction Result
Filing taxes for small independent seller. Total sales for year were $1326 (no other income) and sales tax paid $137.27. Strange thing is when calculating sales tax deduction, getting a result of $323.00, confirmed with the IRIS calculator. This is using the easy method TurboTax providers vs manually entering all receipts in. Is this correct? The sales tax for the state is 5% including local and the last time I did basic algebra 1326 x 0.05 = $66.30.
‎April 13, 2025
7:05 PM