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Ebay Reseller COGS
I acquire items and sell them on Ebay, hopefully for a profit. Some items I purchase individually, while others are purchased as a group of items. From what I understand, based on the qualifications, I don't have to keep track of my inventory, but I do keep track of my purchases. When it comes time to calculate COGS, where do these non-incidental materials and supplies get entered into TurboTax?
May 22, 2024
1:20 PM