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<p>[QUOTE="rickmp, post: 1640807, member: 28047"]Apples and oranges, Medoraman.</p><p>What you describe is the different uses of purchases by a business. Was it purchased for resale or for use by the business?</p><p>Floor wax purchased by a business for resale is not a taxable purchase, but that same floor wax purchased for </p><p>use on the floors of the office is taxable. When you report an expense for floor wax, that expense has to be </p><p>broken down for tax filing. Your response to my post is in no way related to my post.[/QUOTE]</p><p><br /></p>
[QUOTE="rickmp, post: 1640807, member: 28047"]Apples and oranges, Medoraman. What you describe is the different uses of purchases by a business. Was it purchased for resale or for use by the business? Floor wax purchased by a business for resale is not a taxable purchase, but that same floor wax purchased for use on the floors of the office is taxable. When you report an expense for floor wax, that expense has to be broken down for tax filing. Your response to my post is in no way related to my post.[/QUOTE]
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