It's nice to see you here in the Community, taxjh5000. I recognize how essential it is that you appropriately categorize your income in QuickBooks Self-Employed (QBSE).
In QBSE, payments on taxes owed can be categorized as taxes and licenses. Other than that, these are the tax types of transactions that are included in this category:
- Property tax
- Estimated taxes
- Federal tax
- Sales tax
- State tax
- Other taxes imposed by cities, states, or counties for conducting business
For more information about what other transactions can be categorized as taxes and licenses, please refer to this article: Schedule C and expense categories in QuickBooks Solopreneur and QuickBooks Self-Employed. Simply scroll down and select the Taxes and licenses section.
Moreover, you can refer to this resource for IRS guidelines to learn more about Schedule C details: About Schedule C (Form 1040), Profit or Loss from Business (Sole Proprietorship).
Additionally, you can visit this article to handle your self-assessment taxes in QBSE: The QuickBooks Self Assessment for Income Tax checklist.
Don't hesitate to come back to this thread if you have other QuickBooks-related concerns. I'm more than happy to help. Have a good one!
