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TAXES & LICENSES in Turbo Tax Business

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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TAXES & LICENSES in Turbo Tax Business

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.

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4 Replies

TAXES & LICENSES in Turbo Tax Business

What type of return?

TAXES & LICENSES in Turbo Tax Business

Partnership return 1065.  Thank you. 

TAXES & LICENSES in Turbo Tax Business

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.

TAXES & LICENSES in Turbo Tax Business

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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