Deduct Shipping and Handling for Online Purchases?

[earlystart]

I wasn't able to find this by searching threads, so, does anyone know if you can deduct the shipping costs of items you buy for the daycare online? I know we can include sales tax, but now I'm wondering about shipping costs. If so, do we just include it as part of the item price, or keep a separate category for shipping expenses? For example, if I buy a toy online for $5, and shipping is $5, and tax is $0.40, do I consider this item's cost to be $10.40?

[Michael]

I wasn't able to find this by searching threads, so, does anyone know if you can deduct the shipping costs of items you buy for the daycare online? I know we can include sales tax, but now I'm wondering about shipping costs. If so, do we just include it as part of the item price, or keep a separate category for shipping expenses? For example, if I buy a toy online for $5, and shipping is $5, and tax is $0.40, do I consider this item's cost to be $10.40?

In my opinion, I can't see why not. It is still an expense for your business.

[CrackerJacks]

I do. I include it as part of the cost of the item.

[Angelsj]

I include shipping as the cost of getting the item to your daycare, just like you could include mileage if you drove to get the object.

[TomCopeland]

Shipping

I wasn't able to find this by searching threads, so, does anyone know if you can deduct the shipping costs of items you buy for the daycare online? I know we can include sales tax, but now I'm wondering about shipping costs. If so, do we just include it as part of the item price, or keep a separate category for shipping expenses? For example, if I buy a toy online for $5, and shipping is $5, and tax is $0.40, do I consider this item's cost to be $10.40?

Shipping costs are part of the cost of the item, so count it as $10.40.