Question

1099k expenses I list items on e-bay and have a 1099k form, how do i list my deductions for the cost of items purchased to sell

Forum|Forum|7 years ago
June 1, 2019
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I list items on e-bay and have a 1099k form, how do i list my deductions for the cost of items purchased to sell and other deductions like paypal fees and e-bay fees??

TurboTax Home & Biz Windows

T

ToddL

Employee

Enter your expenses (cost of items purchased for sale, paypal fees, e-bay fees, etc.) in the Other Common Business Expenses interview found under Business > Business Income and Expenses > Business Income and Expenses, Schedule C > "Your business" > Business Expenses.

Don't use "Inventory/Cost of Goods Sold".

You can enter everything under "Other Miscellaneous Expenses" or use one of the other categories, if applicable (e.g. Commission