Hi There!
I wanted to know if there is a way to deduct or report the Final Sales Tax paid on 01/2020 as an expense for the business that was closed on 12/2019.
When filing the annual business tax for 2019 using TurboTax self-employed, I reported the business as closed in 2019. I didnt include the Final Sales Tax paid as an expense on that 2019 Tax return, as I did not pay it until 2020.
Now, when using the TurboTax service, the business is now gone from the list and I am unsure of how to deduct this Final Sales Tax.
Is there a way to still include it in my 2020 tax return, or did I lose the deduction?
If there is a way to deduct this, how may I do so using TurboTax Self-Employed? I am having a hard time finding the place to put this in.
Thank you very much in advanced!
