topic As a sole proprietor selling digital goods (for now), how do I do my taxes and do I need a state sales tax regitration number to get started? in Deductions & credits

As a sole proprietor selling digital goods (for now), how do I do my taxes and do I need a state sales tax regitration number to get started?

m-dallinrichards — Sat, 16 Nov 2019 01:39:42 GMT

My state threshold is $100,00 or more than 200 separate transactions in the current or last calendar year.

Re: As a sole proprietor selling digital goods (for now), how do I do my taxes and do I need a state sales tax regitration number to get started?

xmasbaby0 — Sat, 16 Nov 2019 01:43:18 GMT

This is an income tax forum. We cannot answer questions about sales tax, especially when you do not mention the state.

Re: As a sole proprietor selling digital goods (for now), how do I do my taxes and do I need a state sales tax regitration number to get started?

xmasbaby0 — Sat, 16 Nov 2019 02:09:38 GMT

As for your federal taxes, you are self-employed, so you will be paying self-employment tax as well as ordinary income tax. if you use online TurboTax you will need Self-Employed software.

https://ttlc.intuit.com/community/self-employed/help/what-is-the-self-employment-tax/00/25922

https://ttlc.intuit.com/questions/2902389-why-am-i-paying-self-employment-tax

https://ttlc.intuit.com/questions/2903027-how-do-i-report-income-from-self-employment

https://ttlc.intuit.com/questions/3398950-what-self-employed-expenses-can-i-deduct

https://ttlc.intuit.com/questions/1901340-where-do-i-enter-schedule-c

https://ttlc.intuit.com/questions/1901110-do-i-need-to-make-estimated-tax-payments-to-the-irs