Deducting Costs of Goods - NO INVENTORY
Hello,
I am an artist and I sell art prints online. A buyer pays for an art print on Etsy then it gets sent to the printer where THEY charge me. So Etsy reports a "profit" in my 1099 but however, that's not profit. I made about HALF of what Etsy is claiming I made.
My question. Where do I add these costs? I opened up my Turbo Tax a few weeks ago and thought I had figured it out, but I don't see it anymore. It's not inventory as the company that handles my work prints and ships the piece, but I do have to pay for that before. Meaning, I only make a small percentage of that money after costs. Can someone let me know where in Turbo Tax Small Business to add this? It would be most helpful.
I thought under "supplies", but that would be a $42,000 "deduction" and that just seems like the wrong place to add that.
Thanks in advance.
