Can I deduct the Firearm and Ammunition Excise Tax (FAET) my ammunition company pays per box of ammo to produce on my tax return?

[IhateTTx1]

I have a small ammunition company that produces classic cowboy gun type ammunition.  I pay 11% per box of ammunition I sell.  My company is an LLC.  When I file my personal income taxes, I file it all together, treating my LLC as a sole proprietorship.  I pay about 5,000 annually in excise taxes (called the FAET).  How do I maximize this on my income tax return?

[Carl]

Yes. You'll show the FEAT amount being claimed in Business Expenses >> Other Common Business Expenses >> Taxes & Licenses.