We are an LLC, taxed as a partnership, and I am needing clarification on where/how to deduct the cost of services such as welding/anodizing on goods to be sold.

This post is to clarify the "we" from an earlier post I made. Again, "we" are an LLC, taxed as a partnership. We recently had some work (the welding and anodizing) done on merchandise sold. I wasn't sure how to account for it since it was a "service" done on the merchandise sold. Thank you.

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1 Best answer

Level 15

Aug 25, 2024 9:29:52 AM

Note that you could also enter the cost under Other deductions.

Level 15

Aug 25, 2024 9:29:30 AM

Re: Where to deduct services you have paid for such as welding/anodizing done on merchandise you are selling (intuit.com)

Level 15

Aug 25, 2024 9:29:52 AM

Note that you could also enter the cost under Other deductions.

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We are an LLC, taxed as a partnership, and I am needing clarification on where/how to deduct the cost of services such as welding/anodizing on goods to be sold.