YKubis
Level 3
04-06-2024
01:30 PM
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Hello lovely community,
I am preparing Form 1120 and filing a dozen of state returns since this corporation does business in many states selling machinery. Is it correct to report the total income from sales net of sales tax without showing sales tax paid for each state? Or I need to add the sales tax to the total income then show the sales tax paid to each state?
Thanks