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February 23, 2024
Question

I am a transportation business, for services I burchase from other companies and resell do I report it as expens or cost of goods?

  • February 23, 2024
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1 reply

SharonD007
February 23, 2024

Please clarify what type of services you purchase and resale.  

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ualhisanAuthor
February 23, 2024

My company is a limousine company and in many cases I hire limousines from other companies to offer service to my customers

February 23, 2024

That would be Contract Labor, not cost of good sold. You'd find it in the business expenses section of TurboTax.

 

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