posted Dec 28, 2010, 8:00 AM by Wayne Culp
updated Dec 28, 2010, 8:02 AM
Your income and expenses go on Sched C. According to Pub 334 (2009), p. 37 “Caution”, if the sales tax is imposed on the buyer, and you collect and forward it to the state, you do not include it in income – just pass it on. Other taxes are deducted on that line of the Sched C – the pub 334 discussion of deductible taxes is useful.
Carole Ressler, Maine