In TAXES & LICENSES, how do I enter the different types of taxes? For example, Sales Tax, State tax, etc. There are only categories to enter totals. Thank you.
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There are four categories in TurboTax but only one line (14) on the actual 1065, so it is sort of a moot point. You can always use the Other deductions line with a description.
You should not deduct sales tax unless it is included in your gross income.
What type of return?
Partnership return 1065. Thank you.
There are four categories in TurboTax but only one line (14) on the actual 1065, so it is sort of a moot point. You can always use the Other deductions line with a description.
You should not deduct sales tax unless it is included in your gross income.
Thank you. I was hoping to be able to add SEE STATEMENT and list the taxes, but guess not. And yes Sales Tax is included in Gross Income.
Thank you.
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