Hello all.
I believe that I am almost done doing my taxes for the first time as an eBay seller. However, I am unsure about a few details. Could one of you please try to assist me with these? Thanks in advance. Here goes:
1--Where is the proper place to put the Postage charged to buyers that is included in box 1a of my 1099-K? Under "Other Miscellaneous Expenses?"
2--Where is the proper place to put/deduct the fees that eBay charges on each sale? Should this go under Under "(sales)? commissions"" or Other Miscellaneous Expenses?"
3--Where is the proper place to put the Value of items sold? Should this be under a) supplies or b) inventory / cost of goods sold?
Thanks again all!
