Discussion:Book COGS vs Tax COGS
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Revision as of 21:33, 5 August 2009
Discussion Forum Index --> Basic Tax Questions --> Book COGS vs Tax COGS
Discussion Forum Index --> Tax Questions --> Book COGS vs Tax COGS
| 5 August 2009 | |
| Hi....working on a return for a client that "tracks" inventory in QB --- I don't think they are utiizing that feature correctly in QB but that's besides the point. When I prepare the COGS section on the 1120 using the normal formula, I am getting a much different amount for COGS than the COGS amount in QuickBooks. Is this difference disclosed as an M-1 adjustment? If not, where do you normally show that difference? | |
