Cost of Goods Sold - TMI Message Board

#11

11-07-2009, 10:48 AM

ChEAr$

Senior Member

Join Date: Dec 2005

Location: Phenix City, AL

Posts: 1,620

Quote:

Originally Posted by newbie

but in my opinion a big difference is the pest control is doing service for others, the race car driver has no other customers, no service provided, no goods sold.

Right. A pest control service does not sell goods or merchandise, but uses supplies in the furnishing of its services, hence no COGS section needed on a tax return.

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ChEAr$,
Harlan Lunsford, EA n LA

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