In business income, do I report net sales or net income? I have already added my expenses.

 

Business & farm

On the Sch C you will enter either  GROSS income  and take the sales tax as an expenses  OR   NET income ( gross - sales taxes ) ... either is correct just be consistent.

Business & farm

Thank you! That makes sense.
sparky4
New Member

Business & farm

TurboTax only prompts for 1099's! How do I enter net income?
KrisD
Intuit Alumni

Business & farm

Net income, but not net profit.

Net income could include interest income as well as the sales income.