DR ROSE
Returning Member

I PAY A LOT OF POSTAGE ON ITEMS I SELL ON EBAY

I assume the 1099-K will be for the gross sale amount less EBAY's fees.

But what about the postage I pay????

Most of the items I sell are at low prices so usually the postage is more than my net profit....

Can't I deduct it as an expense even if it is a hobby.

 

To be considered a business do I have to register as a business and get ID etc???