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Reply to "1099 from ebay but shipping costs where included"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Shipping is a deductible business expense. It’s gross receipts and you’ll add to deductions along with supplies, marketing, lease (if any) , etc. Schedule C is for your business whether sole prop or other entity [/quote] I sold $3000 and got a 1099 so it doesn’t have to be 20,000 Can you make deductions if I don't own a house I rent an apartment? I thought I couldn't thank you.[/quote] If you sold $20,000 worth of stuff on eBay -- the amount that gets you a 1099 -- you should go down to H&R Block and get some tax advice. [/quote][/quote]
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