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February 28, 2023
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On Schedule C, where do I enter shipping and postage costs for goods sold online? Part II Expenses? Part III Cost of Goods?

  • February 28, 2023
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Best answer by Anonymous_

Inbound shipping costs (freight) are typically listed in the Cost of Goods Sold section.

 

Outbound shipping costs (i.e., cost to ship goods to customers) are typically deducted as expenses.

1 reply

February 28, 2023

Inbound shipping costs (freight) are typically listed in the Cost of Goods Sold section.

 

Outbound shipping costs (i.e., cost to ship goods to customers) are typically deducted as expenses.

March 14, 2024

Expenses .... like WHICH LINE??

 

March 14, 2024

Line 48 (Part V) on Schedule C (Other expenses) which winds up on Line 27a.