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ME-ME-53
Level 1

I rented a booth at a mall for 3 months where I sold vintage items.. After booth rental cost and 10% fee on items sold I have no profit. Do I need to report this activity?

 
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LeeM
New Member

I rented a booth at a mall for 3 months where I sold vintage items.. After booth rental cost and 10% fee on items sold I have no profit. Do I need to report this activity?

Yes, you have to report your income and expenses on a Schedule C, Profit or Loss From Business.

You can find more information about Schedule C in the FAQ below:

https://ttlc.intuit.com/replies/3302122

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LeeM
New Member

I rented a booth at a mall for 3 months where I sold vintage items.. After booth rental cost and 10% fee on items sold I have no profit. Do I need to report this activity?

Yes, you have to report your income and expenses on a Schedule C, Profit or Loss From Business.

You can find more information about Schedule C in the FAQ below:

https://ttlc.intuit.com/replies/3302122

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