How do you claim auction fees?

[3113jsc]

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?

[Carolina_22]

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

[Carolina_22]

Yes, you can include this as the Cost of Goods Sold. 

[Carolina_22]

For more information please refer to the following Canada Revenue Agency (CRA) article:

[Carolina_22]

• Inventory and cost of goods sold

Thank you for choosing TurboTax