Tax question: cogs and vip points

stackables · 2022-06-25T13:57:55.000Z

Trying to get some clarity on this topic. If I buy a set and use some vip points, what do I record the cogs for the set? For instance, if buy a set for $200 and use $20 vip points to get the price for $180. Do I record my cogs as $180 or $200. Similar question would be credit card reward points. If I use them to pay off some of my monthly bill, how does that factor into cogs? If you have an accountant do your taxes, how do they handle these situations?