- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
You deduct as supplies your cost of the items on Sch C. The challenge is separating the the total amount on your 1099 what you paid for the items from the total payment you received. You need good records for that.
Be aware that you are self employed and will pay both income tax and self employment tax on your profit.
The actual mechanics of reporting will be determined by TurboTax programers in 2024.
‎August 22, 2023
4:10 PM