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Confusion with Schedule C and shipping charges
This is crazy but here goes. I have very few sales that amount to less than $4000. I drop ship and pay shipping charges to my supplier - I do not charge my customers shipping.
I have entered all my figures and the shipping cost of $512 under Business Expenses Not Yet Reported but when all is said and done, TT says I have exactly $512 more in net income. Should I be adding that $512 to the cost of goods sold?
Am totally confused -
March 3, 2024
11:50 AM