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When I report income from product sales, do I subtract the wholesale cost of the items or is there another area I will enter my expense for the items I resold?
I am a personal trainer and purchase health products/supplements wholesale in order to sell to my clients. I'm unsure of how to report my income from the products considering I only make a small amount of money per item sold and spend a significant amount initially on my wholesale purchase before reselling.
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‎August 12, 2023
1:02 PM