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I purchase vintage items and re-sell them. Do I file these items as Materials & Supplies or something else? If something else, then what?

 
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1 Reply
DDollar
Expert Alumni

I purchase vintage items and re-sell them. Do I file these items as Materials & Supplies or something else? If something else, then what?

I would treat them as "Inventory", and they will be reported as "cost of goods sold" on Schedule C.

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