Is the cost of shipping goods from my vendor tax deductible?

[mera1]

For my business, I will be buying products from an overseas vendor. I would like to know if the shipping cost to receive the products is tax deductible.

[tagteam · Accepted solution]

You can enter the expense in the Cost of Goods Sold section if you keep an inventory.

Otherwise, you can enter the shipping costs as an itemized expense.