So when I sell these products that I have already paid for and received commission on, I need to report the money I receive as income again? It is not truly income since I already paid for it.
I believe this is what some of the other direct sellers like Scentsy & Jamberry are asking for clarification on.
Example:
I buy and item at $45 out of pocket since we pay full price up front. I receive 30% commission from the company on that purchase, but my out of pocket expense for the inventory is $45. So when I sell the item at a vendor event for $45, I already have commission as shown and it should be a wash? Yes? No?
