09-07-2023 03:49 PM
I sometimes buy merchandise for resale, and have a resale certificate so that I can be exempt from paying sales tax on them in the interim. I know I can get my account configured so that my resale certificate is on file and I don't get charged tax, but what I wonder is:
Can my tax-exempt status be toggled on and off so that I can apply it to items that I want to resell, but not to items that I purchase for myself?
Many thanks.
Gardanni
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09-07-2023 04:01 PM
You should have two separate accounts.
09-07-2023 04:01 PM
You should have two separate accounts.
09-08-2023 05:39 AM
What bonjourami wrote is the best way to go, not just because of the sales tax exemption, but also because you can deduct other things from your taxes if you also set up a separate selling account.