Hi there! I am curious about how I can file my Amazon FBA taxes as a side hustle. I want to submit it along with my personal income tax. But I registered as an LLC, so I'm not sure if that is done separately or if I can submit this as income personally?
Another question, on the inventory side of things. Amazon tracks all my inventory and I don't think I need to report any inventory if I'm under a large number of sales right? I probably only sold about 30,000 last year in gross sales, so I'm not sure if Inventory has to be reported with such a low amount of sales?
I plan to just right off the fees amazon charges and the cost of the products.
Is there anything wrong with the above or any suggestions?
Thank you!
