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I run a shopping service that pays me percentage of the goods picked up. Reimbursed/entrusted money for the goods themselves do not have to be reported as income correct?

I am concerned that it might look as if I make much more money to IRS since some people pay me via PayPal, it gets reported to them. I don't sell goods.
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2 Replies
ee-ea
Level 15

I run a shopping service that pays me percentage of the goods picked up. Reimbursed/entrusted money for the goods themselves do not have to be reported as income correct?

Report ALLl the money you get as gross receipts.  Deduct

as expenses all that you spend to run the business.

I run a shopping service that pays me percentage of the goods picked up. Reimbursed/entrusted money for the goods themselves do not have to be reported as income correct?

Thank you! Will do. 🙂 

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