Thank you sir for your detailed reply but that is not the question I was looking for the answer to 🙂
I am deducting the sales tax collected and paid to the state that was reported on my 1099-K and included in my gross receipts reported on my return.
What I want to know is: since I pay the state Annually, from 03/01/2018 - 02/28/19, do I use the amount paid in 2018, which was for 03/01/2017 - 02/28/2018? or the actual amount collected in 2018 and deduct that?
Thanks for any help or advice!
