As an antique dealer, you
are a self-employed entrepreneur. All activity related to this business is
reported on Schedule C under Wages & Income | Business Items. If
you are using TurboTax Online, you will be prompted to upgrade to the Home
& Business version.
The merchandise you purchased for resale should be entered under
Inventory. If you
just started your business this year, your beginning inventory is $0 and the
ending inventory is the cost of the products that you still have (did not
sell). "Tell Us the Cost of Your Goods" will guide you in determining the value of your ending inventory.
Rent expense and
commissions are entered under
Business Expenses, along with other costs that may reduce your taxable income from this business. Your net income from this business is subject to
Self-Employment
Tax.
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