Solved
Supplies & Materials for Selling - Write Off?
Hello - Am I able to write off any of the items needed to re-sell items? For example, postage, envelopes, tape, etc.?
Thank you!
Sandy_M65Answer
Level 3
August 31, 2022
Hi-
If you are reporting the income you received for the sale of the items as a business, (Sole proprietors include their business income on a Schedule C on their personal tax return), then yes you can write off the necessary expenses. Please see the links below for additional information.
https://turbotax.intuit.com/tax-tools/calculators/self-employed/
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