topic When I enter my 1099k deduction for state taxes that ebay collected but is in my gross what do I call it? in Get your taxes done using TurboTax

When I enter my 1099k deduction for state taxes that ebay collected but is in my gross what do I call it?

zookeper — Mon, 01 Mar 2021 22:54:12 GMT

Like if I deduct shipping I call it shipping cost, just not sure how to accurately call the buyers taxes collected but are included in my gross. Ty

Re: When I enter my 1099k deduction for state taxes that ebay collected but is in my gross what d...

MinhT1 — Mon, 01 Mar 2021 23:09:00 GMT

The state sales taxes collected by Ebay and paid on your behalf can be deducted as a business expense under Taxes and Licenses.

Re: When I enter my 1099k deduction for state taxes that ebay collected but is in my gross what d...

zookeper — Mon, 01 Mar 2021 23:14:03 GMT

So I put that in line 23? Another turbo pro told me to just enter it as a deduction as any other. Now I am confused.

Re: When I enter my 1099k deduction for state taxes that ebay collected but is in my gross what d...

DawnC — Mon, 01 Mar 2021 23:31:20 GMT

Yes, Line 23 of Schedule C is where it goes. But don't enter it on the same screen as the 1099-K. In TurboTax Online, select Add Expenses for this work and choose the Taxes and Licences category. So, you are entering like any other business deduction. TurboTax will put it on LIne 23 of your Schedule C automatically.