tax question

[Andrew and Rebeca Anderson]

Ed
On schedule C you have a line for supplies, those 
kinds of items you don't individually sell to 
customers.  This is deducted from you gross 
income at 100%.  Now if you are selling specific 
items you do that COGS in a different area.  Your 
supplies fee is income, your supplies expense offsets it.

Your Advice May Vary ( I don't claim to be an 
certified expert, but it does seem to fit the instructions)
Andrew


At 03:11 PM 2/27/2007, you wrote:
>Hello,
>
>How do you do your taxes in regard to the 
>materials used when servicing pianos.
>
>For example, glues, tapes and paper puchings. 
>Are these things deducted (in that they are 
>operating expenses)? Or are they claimed as 
>parts sold (for example, when you regulate a 
>piano your client has essentially bought the 
>punchings used to level the keys)? Deducted vs claimed.....hmmm?
>
>When I charge a client for a regulation 
>(including pre-regualation repairs) I add a shop 
>supplies fee, somewhere around $10-15. How do I 
>account for this when filing my taxes?
>
>Thanks,
>Ed
>
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