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I sell items on eBay where do I file my ebay and Paypal fees. These should come off at 100% correct?

Forum|Forum|7 years ago
June 3, 2019
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TurboTax Self Employed Online

Best answer by TomYoung

This business activity should be reported on Schedule C, which TurboTax Self Employed does support.

You certainly can report these fees on line 10 of the Schedule C - "Commissions and fees" - or you could report them on line 27a - "Other expenses (from line 48", explicitly naming then as "Ebay and PayPal fees". You do report 100% of your fees.

Tom Young

T

TaxGuyBill

Employee

100% of those expenses will reduce your profit by that much.

The amount of tax owed will only be reduced by a percentage of those expenses.

T

TomYoungAnswer

Employee

This business activity should be reported on Schedule C, which TurboTax Self Employed does support.

You certainly can report these fees on line 10 of the Schedule C - "Commissions and fees" - or you could report them on line 27a - "Other expenses (from line 48", explicitly naming then as "Ebay and PayPal fees". You do report 100% of your fees.

Tom Young