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D
dkhanak
February 28, 2023
Solved

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
  • 1 reply
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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

A
Anonymous_Answer
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.

    W
    Workpuddle
    March 14, 2024

    Expenses .... like WHICH LINE??

     

      A
      Anonymous_
      March 14, 2024

      If you keep inventory, some shipping is part of Cost of Goods Sold.   If not, you can enter it in miscellaneous (line 48) or supplies expense (line 22).     @Workpuddle 


      I would expense outbound costs.

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