turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

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?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
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

View solution in original post

1 Reply
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

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies