Where do we claim sales commissions on cattle sold?
Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
TurboTax has you covered during Covid. Get the latest second stimulus info here.
cancel
Showing results for 
Search instead for 
Did you mean: 
New Member

Where do we claim sales commissions on cattle sold?

 
2 Replies
New Member

Where do we claim sales commissions on cattle sold?

Sales commissions on livestock are usually deducted from the gross proceeds of the livestock sale so you just enter the net proceeds as income. If you want to enter sales commission expenses separately yourself, you can enter them under Other Miscellaneous Expenses and describe the expense.

Please view the page snip below;

Level 6

Where do we claim sales commissions on cattle sold?

Yes, sales commissions paid for the sale of cattle is a deductible business expense.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
Dynamic Ads
v
Privacy Settings