I sell items on eBay where do I file my ebay and Paypal fees. These should come off at 100% correct?

jeffpadams · ‎June 3, 2019

TaxGuyBill · ‎June 3, 2019

100% of those expenses will reduce your profit by that much.

The amount of tax owed will only be reduced by a percentage of those expenses.

TomYoung · ‎June 3, 2019

This business activity should be reported on Schedule C, which TurboTax Self Employed does support.

You certainly can report these fees on line 10 of the Schedule C - "Commissions and fees" - or you could report them on line 27a - "Other expenses (from line 48", explicitly naming then as "Ebay and PayPal fees". You do report 100% of your fees.

Tom Young

View solution in original post

I sell items on eBay where do I file my ebay and Paypal fees. These should come off at 100% correct?

Get your taxes done using TurboTax

Get your taxes done using TurboTax