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Deductions & credits
No, shipping fees would be considered Shipping and Postage under office expenses if you are a business. You can select postage and office expenses by selecting the following:
- Federal
- Income and Expenses
- Edit next to your business
- Add Expenses
- Office Expenses
If this is just a hobby, then shipping expenses would not be deductible. Shipping expenses are not part of the cost of goods sold. Only your cost of goods such as the material used to make/purchase the product and packaging (like the wrapper on the product). If this were a business you could also deduct the cost of labor directly involved in making the product or selling the product. (without intent to earn a profit you would not likely have labor costs.)
Edited 3/21/2022 @12:43PM PST
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March 21, 2022
10:18 AM