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Level 1
March 23, 2020
Solved

If I reported HI General Excise Tax (GET, kind of a sales tax on income) as Taxes & Licenses expense for my business, can I still report this as estimated taxes paid?

  • March 23, 2020
  • 1 reply
  • 20 views
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Best answer by DMarkM1

No. You are not allowed to take a double deduction on the same expense.  Reporting this in the Taxes & Licenses category is the more correct entry. 

1 reply

DMarkM1
DMarkM1Answer
Level 15
March 23, 2020

No. You are not allowed to take a double deduction on the same expense.  Reporting this in the Taxes & Licenses category is the more correct entry. 

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