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Re: How do you claim auction fees?
3113jsc
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How do you claim auction fees?
I purchase merchandise that I re-sell at auctions. There is always a buyer's premium. Do I just include this in the cost of goods sold?
March 12, 2022
9:26 AM
Carolina_22
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Self-employed
Yes, you can include this as the Cost of Goods Sold.
For more information please refer to the following Canada Revenue Agency (CRA) article:
Inventory and cost of goods sold
Thank you for choosing TurboTax
April 21, 2022
7:51 AM
