WE had a barn built and were given a form E-589CI. Where do we implement this on our tax return? Must we pay taxes on the entire contract (materials and labor)?
You'll need to sign in or create an account to connect with an expert.
As I understand from the following ( from NC DOR ) -->https://files.nc.gov/ncdor/documents/files/e589ci_7-18_webfill.pdf
this is just a statement of a contract between the contractor and you that this capital improvement is subject to sales/use tax. I am assuming that you are handling this outside of your State return filing ( or you have to include this as the use tax liability if if it has not been taxed as such ). This has no impact on the federal return.
Is this what you meant or ?
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
Alex012
Level 1
acowley1990
New Member
jonequest2
Level 2
mtmc57
New Member
marciakbingham
New Member