ThomasTax
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I did need to spend$2.96 out of my biz bank account.So how do I account for that money? It is a trivial amount I know but it would throw my books off.
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Thank you for the answer / conversion however should the out of country tax be included in the deduction?
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Thank you for that clarification Coleen!
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I should have put how do I get the correct US value from 2020?Breakdown wasC 40.00 ItemsC 18.00 ShippingC 2.12 Tax---C 60.12I paid tax on inventory out of Canad...
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I'm not following you on this. I personally consider all this as inventory and hold quite a bit of the bubble mailers, bubble pouches and bunches of different s...
Activity Feed for ThomasTax
- Cheered Re: If I owe IRS for 2020 and I am mailing my 2020 1040 now. How much should the check say? Interest and Penalties Question. for VolvoGirl. April 13, 2022 8:21 AM
- Posted If I owe IRS for 2020 and I am mailing my 2020 1040 now. How much should the check say? Interest and Penalties Question. on Business & farm. April 13, 2022 8:17 AM
- Cheered Re: I paid shipping & taxes on most of my inventory purchased for resale. Where do those figures ... for DianeW777. April 12, 2022 9:41 AM
- Cheered Re: Can I claim all my shipping supplies under cost of goods sold? for ColeenD3. April 12, 2022 9:40 AM
- Cheered Re: Can I claim all my shipping supplies under cost of goods sold? for ColeenD3. April 12, 2022 9:39 AM
- Cheered Re: I bought some inventory on eBay out of Canada and paid in CAD money. How is that converted to... for Vanessa A. April 12, 2022 9:37 AM
- Cheered Re: I bought some inventory on eBay out of Canada and paid in CAD money. How is that converted to... for JohnB5677. April 12, 2022 9:37 AM
- Cheered Re: 25.00 coupon from eBay for shipping supplies. How do I handle that? for Vanessa A. April 12, 2022 9:36 AM
- Cheered Re: 25.00 coupon from eBay for shipping supplies. How do I handle that? for Vanessa A. April 12, 2022 9:36 AM
- Posted Re: 25.00 coupon from eBay for shipping supplies. How do I handle that? on Business & farm. April 12, 2022 8:49 AM
- Posted 25.00 coupon from eBay for shipping supplies. How do I handle that? on Business & farm. April 12, 2022 8:24 AM
- Posted Re: I bought some inventory on eBay out of Canada and paid in CAD money. How is that converted to... on Business & farm. April 12, 2022 6:38 AM
- Posted Re: Can I claim all my shipping supplies under cost of goods sold? on Business & farm. April 12, 2022 6:35 AM
- Posted Re: I bought some inventory on eBay out of Canada and paid in CAD money. How is that converted to US dollars? on Business & farm. April 12, 2022 6:33 AM
- Posted Re: Can I claim all my shipping supplies under cost of goods sold? on Business & farm. April 12, 2022 6:28 AM
- Posted I bought some inventory on eBay out of Canada and paid in CAD money. How is that converted to US dollars? on Business & farm. April 12, 2022 6:18 AM
- Posted Re: I paid shipping & taxes on most of my inventory purchased for resale. Where do those figures ... on Business & farm. April 12, 2022 5:51 AM
- Posted Can I claim all my shipping supplies under cost of goods sold? on Business & farm. April 12, 2022 5:50 AM
- Posted I paid shipping & taxes on most of my inventory purchased for resale. Where do those figures go inside TT Home & Biz? on Business & farm. April 12, 2022 5:24 AM