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I paid sales tax on some items used for my farm. Do I include the tax as part of the cost of my items on my schedule F?

I paid sales tax on some items used for my farm.  Do I include the tax as part of the cost of my items on my schedule F?  Basically, just lump the tax in as the final cost of the item?

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JohnW15
Intuit Alumni

I paid sales tax on some items used for my farm. Do I include the tax as part of the cost of my items on my schedule F?

Yes -- include your sales tax in the cost of the items.  You have it exactly right.

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JohnW15
Intuit Alumni

I paid sales tax on some items used for my farm. Do I include the tax as part of the cost of my items on my schedule F?

Yes -- include your sales tax in the cost of the items.  You have it exactly right.

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