First, you will enter the full amount of your income in the income section, and then you will enter the GE in the Taxes and Licenses section. You can create a category called General Excite Tax.
Go into your business return, click Edit
Go to Business Expenses, click View All/ Visit All
Scroll down to Taxes and Licenses, select Start
Description General Excise Tax Amount $xxx
Continue
@Anonymous
hello,
Is there a place to enter GE taxes paid on turbo tax deluxe?
No. First, General Excise taxes for personal expenses are not deductible.
Next, you can deduct as a business expense, excise taxes that are ordinary and necessary expenses of carrying on your trade or business. You can do that in an online self-employment product or desktop Home and Business or if filing a partnership/corporation return use a business product. In all cases navigate to the "expenses" topic for your business and locate the "Taxes and Licenses" item.