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In what section do I enter sales taxes collected from my clients, that I already paid to my state comptroller?

 
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3 Replies

In what section do I enter sales taxes collected from my clients, that I already paid to my state comptroller?

Depends.  Are you including it in your income?  Then you can expense it as taxes on schedule C line 23.  Or if you don't report it in income you can't expense it.

In what section do I enter sales taxes collected from my clients, that I already paid to my state comptroller?

Thanks. I have it as part of my income. I knew it's schedule C but I don't know where is that section in Turbotax
Anonymous
Not applicable

In what section do I enter sales taxes collected from my clients, that I already paid to my state comptroller?

from a purely possibility of getting audited perspective, I think reporting gross is better than reporting net.   and you should use a separate banking account for your business.   

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