My 1099-K from Stripe has the gross amount collected in box 1. But that gross amount includes NC state taxes collected on transactions. I went through TurboTax (Home & Business edition) and I've now gone back to include the state sales tax amount. I'm doing this in Business/Business Expenses/Other Common Business Expenses/Taxes and Licenses. But when I include the sales tax, it is not having any impact. I would expect that when I include sales taxes collected, it would get directly adjusted off of my gross from the 1099-K and my tax burden amount would change. It's not income; it's passed-through to the state. Am I doing something wrong or missing something?
