Hello - Am I able to write off any of the items needed to re-sell items? For example, postage, envelopes, tape, etc.?
Thank you!
011234
1 Best answer
Sandy_M65
Employee Tax Expert
Aug 31, 2022 1:49:45 PM
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.
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.