Thanks for your message, but unfortunately I'm unable to see the inventory choice.
- I first add the new self employed income (add another line of work)
- Then I'm prompted the following:
Advertising
Handmade goods sales
None of these apply.
and I select "non of there apply" because I just resell new items that I buy online (not used, no antiques, no jewelry ... just brand new items like small electronics, for instance).
- Then I select this is a Business and I follow the few prompts
- Then I see the summary info and select "Looks Good"
- Then I enter the info from my 1099-K from eBay (I also tried skipping this for later, same results)
- Next I see this message: "We found 11 expense categories that others in eBay often claim!", but there is no inventory (I see Vehicle, Home Office, Communications, Assets, Supplies, Advertising, Meals (50%), Legal and Professional Fees, Business Travel, Office Expenses, Meals (100%))
What should I do to see the inventory, so I can enter the cost of the purchases items?
I'm very confused because the majority of eBay resellers are just selling new items purchased somewhere else. It is extremely important to enter the items expenses because my actual profit could be just a 10-15% of the gross income mainly due to the cost of the items before selling them.
Why is this so difficult to find? Is there a basic mistake that I'm doing while entering the income?
Thanks a lot.
