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Tax help

Are eBay selling fee's deductible on 1040 Schedule C?

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Tax help

@ih8chvy 

 Yes the selling fees are one of the things that you can  deduct as a business expense.

 

You still pay taxes on your PROFITS even if you didn't get a 1099k otherwise the IRS considers it tax evasion.  

If you were issued a 1099k you can print it from this page>

https://www.ebay.com/sh/fin/taxforms

I like the Financial Overview report for eBay expenses and download it as a PDF

https://www.ebay.com/sh/fin/reportslanding

I also deduct the cost of goods, shipping supplies I have receipts for, and mileage to the post office. Talk to your tax preparer for what are allowed to deduct as a business expense.

 

Comics-scifi_collectibles Volunteer Community Mentor
Member since 2003

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