I sell my jewelry in an artisan market. The owner charges 20% commission on the sale of my items. Can I include that 20% as commission expenses on my tax return?

For example, a bracelet that a costs $20, results in the owner keeping $4 as commission and I receive $16. Can I count that $4 as commission expense?

posted

Yes, you can include the $4 per sold item as a commission. Enter the sale price of each bracelet as $20 in income, and then the commission as an expense.

Please see this TurboTax Tip for self-employment tax tips.

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My siblings and I inherited a small house and I ended up buying them out for a total of $6,000. I renovated the house and sold it. Can I add the $6,000 to calculate FMV?

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I sell my jewelry in an artisan market. The owner charges 20% commission on the sale of my items. Can I include that 20% as commission expenses on my tax return?

I sell my jewelry in an artisan market. The owner charges 20% commission on the sale of my items. Can I include that 20% as commission expenses on my tax return?

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I sell my jewelry in an artisan market. The owner charges 20% commission on the sale of my items. Can I include that 20% as commission expenses on my tax return?

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I sell my jewelry in an artisan market. The owner charges 20% commission on the sale of my items. Can I include that 20% as commission expenses on my tax return?

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