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I started selling Scentsy. Would that be considered starting a business or just extra income?? Where do I declare deductions?

 
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DS30
New Member

I started selling Scentsy. Would that be considered starting a business or just extra income?? Where do I declare deductions?

You would consider this self-employment income. You would be able to claim any expenses related to your self-employment income that are considered both "ordinary" and "necessary". So any costs that you have related to your Scentsy income (like purchasing items to sell, any marketing expenses, use of your car or a space in your home for business, etc.) can be claimed as a deduction (on a Schedule C attached to your return).

Please refer to this IRS link for more information about Business Expenses

To enter Business income and expense information in TurboTax, log into your tax return (for TurboTax Online sign-in, click Here and click on "Take me to my return") type "Schedule c" in the search bar then select "jump to Schedule c". TurboTax will guide you in entering this information

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