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New Member
posted Mar 22, 2021 7:30:52 AM

I am completing my self-employed form (on-line sales on ebay), do I enter the costs for the items that I bought on an auction to sell on ebay under supplies or inventory?

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1 Best answer
Expert Alumni
Mar 22, 2021 8:40:15 AM

It is under inventory.

 

3 Replies
Expert Alumni
Mar 22, 2021 7:47:51 AM

Articles bought for resale have to be entered as Purchases and counted as Inventory at year end.

New Member
Mar 22, 2021 8:23:51 AM

That is what I figured but I don't see "purchases" under expenses.  Where is it located?

Expert Alumni
Mar 22, 2021 8:40:15 AM

It is under inventory.