Item 40 - Purchases and other costs 2023

Label B - Purchases and other costs

Business and professional item

Show at label B the cost of direct materials used for manufacture, sale or exchange in deriving the gross proceeds or earnings of the business.

Former STS Taxpayers

If the trust is eligible and has chosen to continue using the STS accounting method, only purchases and other costs for which the trust has actually paid should be included at label B.