- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Business & farm
That would be considered a component of cost of goods sold in my opinion, as it is a direct cost of production. In other words, the cost is directly associated with a job as opposed to being an overhead expense like office wages.
There is a separate line for the cost of labor on a schedule C and corporate tax returns for the labor component of Cost of Goods Sold. It belongs there.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
March 17, 2022
7:36 PM
9,028 Views