If I sell items online and get payouts from online platforms, can I deduct the amount of money lost in commission fees to those platforms as a business expense?
01240
1 Replies
Sandy_M65
Employee Tax Expert
Aug 31, 2022 2:17:18 PM
Hi!
Since you sell items online, you should report the income as a Sole Proprietor.
Sole proprietors include their business income on a Schedule C on their personal tax return, then yes, you can write off commission fees and other business expenses. Please see the links below for additional information.