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sfesenko11
New Member

Small biz Used car dealership. Do I include registration fees I collected from customers and paid to department of licensing in my gross sales?

 
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Accepted Solutions
JohnW15
Intuit Alumni

Small biz Used car dealership. Do I include registration fees I collected from customers and paid to department of licensing in my gross sales?

You can either include these fees in your gross sales, and then as an expense deduction, netting you zero, or you can choose not to include them in either place, which also nets you zero.  Really, whatever works best for you and your bookkeeping system, as long as you're consistent. 

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2 Replies
JohnW15
Intuit Alumni

Small biz Used car dealership. Do I include registration fees I collected from customers and paid to department of licensing in my gross sales?

You can either include these fees in your gross sales, and then as an expense deduction, netting you zero, or you can choose not to include them in either place, which also nets you zero.  Really, whatever works best for you and your bookkeeping system, as long as you're consistent. 

View solution in original post

sfesenko11
New Member

Small biz Used car dealership. Do I include registration fees I collected from customers and paid to department of licensing in my gross sales?

Thanks for your help!
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