Anonymous
Post 02/05/2023 19:01     Subject: 1099 from ebay but shipping costs where included
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote: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


Can you make deductions if I don't own a house I rent an apartment? I thought I couldn't thank you.


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.


In 2022 it's $20,000. And do you not want people to pay their fair taxes?








Thanks to Biden it's now $600 in sales that gets you a 1099. Maybe before you try and insult people you should get your facts straight.
Anonymous
Post 02/05/2023 13:48     Subject: 1099 from ebay but shipping costs where included
You only owe if you sold the items for more than you paid. And yes you can deduct shipping.
Anonymous
Post 02/05/2023 13:33     Subject: 1099 from ebay but shipping costs where included
Anonymous wrote:
Anonymous wrote:
Anonymous wrote: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







Thank you!









Can you make deductions if I don't own a house I rent an apartment? I thought I couldn't thank you.


These are deductions for a business expense. It has nothing to do with where you live. So if you make $8000 on eBay, and you paid $2000 for the merchandise plus $900 in fees and $200 in supplies, then you subtract out (deduct) the expenses from your sales. So you are only paying taxes on $4900 income ($8000-$2000-$900-$200)
Anonymous
Post 02/05/2023 13:31     Subject: 1099 from ebay but shipping costs where included
Anonymous wrote:
Anonymous wrote:
Anonymous wrote: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


Can you make deductions if I don't own a house I rent an apartment? I thought I couldn't thank you.


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.










Thanks to Biden it's now $600 in sales that gets you a 1099. Maybe before you try and insult people you should get your facts straight.
Anonymous
Post 02/04/2023 04:03     Subject: 1099 from ebay but shipping costs where included
Anonymous wrote:
Anonymous wrote:
Anonymous wrote: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





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.


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.
Anonymous
Post 02/04/2023 00:41     Subject: 1099 from ebay but shipping costs where included
Anonymous wrote:
Anonymous wrote: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











Can you make deductions if I don't own a house I rent an apartment? I thought I couldn't thank you.


These are deductions for a business expense. It has nothing to do with where you live. So if you make $8000 on eBay, and you paid $2000 for the merchandise plus $900 in fees and $200 in supplies, then you subtract out (deduct) the expenses from your sales. So you are only paying taxes on $4900 income ($8000-$2000-$900-$200)
Anonymous
Post 02/03/2023 19:44     Subject: 1099 from ebay but shipping costs where included
Anonymous wrote:
Anonymous wrote: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











Can you make deductions if I don't own a house I rent an apartment? I thought I couldn't thank you.


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.
Anonymous
Post 02/02/2023 23:44     Subject: 1099 from ebay but shipping costs where included
Anonymous wrote: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











Can you make deductions if I don't own a house I rent an apartment? I thought I couldn't thank you.
Anonymous
Post 01/31/2023 09:57     Subject: 1099 from ebay but shipping costs where included
Ebay isn't going to do your taxes for you. If you don't like to complicate your taxes better to sell for cash locally.
Anonymous
Post 01/31/2023 09:53     Subject: 1099 from ebay but shipping costs where included
Good question, OP.

I do not sell on eBay as a business. However, this year I sold a bunch of stuff that I purchased years ago at retail price that my teens no longer want (mostly AG doll clothes and Halloween costumes). The eBay selling price was significantly less than retail so I didn't profit. Should I still be paying tax on the eBay sales or should I try to estimate the original prices and use that as my cost basis?
Anonymous
Post 01/30/2023 23:22     Subject: 1099 from ebay but shipping costs where included
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
Anonymous
Post 01/30/2023 23:18     Subject: 1099 from ebay but shipping costs where included
Anonymous wrote:
Anonymous wrote:You can deduct your costs, including postage.





How can I do that? I use the 1040 form to submit my taxes. Thank you..


Schedule C
Anonymous
Post 01/30/2023 21:47     Subject: 1099 from ebay but shipping costs where included
Anonymous wrote:You can deduct your costs, including postage.





How can I do that? I use the 1040 form to submit my taxes. Thank you..
Anonymous
Post 01/30/2023 20:43     Subject: 1099 from ebay but shipping costs where included
You can deduct your costs, including postage.
Anonymous
Post 01/30/2023 20:28     Subject: 1099 from ebay but shipping costs where included
Hello, how does that work? I sold a few things on ebay this year and they 1099ed me fantastic not only did I pay tax when I bought the stuff I pay again when I sell it. The problem is I didn"free shipping" say $30 for something and they shipping cost me $19 flat rate the form the sent is including shipping costs not really just the sale of the item. Anything I can do about this? Seems not only not fair but unethical since the USPS got a big chunk of the money they are claiming I made. Thank you.