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?
03563
1 Best answer
ColeenD3
Expert Alumni
Mar 22, 2021 8:40:15 AM
It is under inventory.
3 Replies
MinhT1
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.
cattailmarsh2020
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?