If I collect sales tax when selling books, do I need to report on my income tax return?

bill-pokluda · ‎January 18, 2022

AmyC · ‎January 18, 2022

Yes, you received the income and then you paid out the tax as an expense. If your bank account is audited, the numbers should all match.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

AmyC · ‎January 18, 2022

Yes, you received the income and then you paid out the tax as an expense. If your bank account is audited, the numbers should all match.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Unlock tailored help options in your account.