jason95491
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I think I fixed it. I had checkboxes which I didn't continue to fix.
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I recorded the amount I paid for drop shipped items ex: if the item was $25.00 I charged the customer $50.00 = $25.00 profit. For drop shipped items I have reco...
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When I do this my entire cost for all goods purchased this year was $16,707 I put this into the "Cost of Purchases" box and it says I owe nothing now. Before wh...
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It says businesses with less than $1M in sales don't need to report inventory. For some reason when I input the new cost (end of 2017 inventory) what I owe goes...
Activity Feed for jason95491
- Posted I think I fixed it. I had checkboxes which I didn't conti... on Get your taxes done using TurboTax. June 6, 2019 8:30 AM
- Posted Not eligible for e-file on Get your taxes done using TurboTax. June 6, 2019 8:30 AM
- Posted I recorded the amount I paid for drop shipped items ex: i... on Get your taxes done using TurboTax. June 5, 2019 11:09 PM
- Posted Inventory Cost Method or Lower Cost Method on Get your taxes done using TurboTax. June 5, 2019 11:09 PM
- Posted Credit card & loan interest. While I don't have a business credit card I use one of my cards (personal) for business transactions. Can I still deduct interest? on Deductions & credits. June 4, 2019 1:32 PM
- Posted Thanks on Business & farm. June 1, 2019 10:05 AM
- Posted When I do this my entire cost for all goods purchased thi... on Business & farm. June 1, 2019 10:05 AM
- Posted It says businesses with less than $1M in sales don't need... on Business & farm. June 1, 2019 10:05 AM
- Posted End of 2016 my inventory cost was 3292 it wants me to put end of 2017. I bought more inventory in 17. Do I put the cost of new inventory minus the sale of the end of 16? on Business & farm. June 1, 2019 10:05 AM
- Posted It also says if you have less than $1M in sales you're no... on Business & farm. June 1, 2019 4:31 AM
- Posted So the "cost of purchases" would only be for shipping and... on Business & farm. June 1, 2019 4:31 AM
- Posted When reporting inventory do you also include the total cost of inventory in the "cost of purchase" along with drop shipped items? or just the inventory box itself? on Business & farm. June 1, 2019 4:31 AM