Solved: When determining Cost of Purchases will I count the taxes payed. I purchase the inventory at whole sale pricing and pay taxes and shipping.
Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
cancel
Showing results for 
Search instead for 
Did you mean: 
pmariecastro
New Member

When determining Cost of Purchases will I count the taxes payed. I purchase the inventory at whole sale pricing and pay taxes and shipping.

 
1 Best answer

Accepted Solutions
JulieCo
New Member

When determining Cost of Purchases will I count the taxes payed. I purchase the inventory at whole sale pricing and pay taxes and shipping.

Yes, include the total cost to you as your inventory purchase cost, so that would include the tax and shipping, if you paid it. 

View solution in original post

2 Replies
JulieCo
New Member

When determining Cost of Purchases will I count the taxes payed. I purchase the inventory at whole sale pricing and pay taxes and shipping.

Yes, include the total cost to you as your inventory purchase cost, so that would include the tax and shipping, if you paid it. 

View solution in original post

pmariecastro
New Member

When determining Cost of Purchases will I count the taxes payed. I purchase the inventory at whole sale pricing and pay taxes and shipping.

Thank you!
Dynamic AdsDynamic Ads
v
Privacy Settings