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For you business activity, you will enter the entire gross amount of any receipts from sales. You can choose "Additional income and other income", instead of selecting Form 1099-MISC.
As far as the cost of goods, you will enter the dollar amount of any purchases made during the year for resale, the cost of any items that were withdrawn (bought) for personal use and the cost of any items that remained unsold on December 31st (ending inventory) to arrive at the final cost of goods for 2017.
Please add a comment if you have more questions.
For you business activity, you will enter the entire gross amount of any receipts from sales. You can choose "Additional income and other income", instead of selecting Form 1099-MISC.
As far as the cost of goods, you will enter the dollar amount of any purchases made during the year for resale, the cost of any items that were withdrawn (bought) for personal use and the cost of any items that remained unsold on December 31st (ending inventory) to arrive at the final cost of goods for 2017.
Please add a comment if you have more questions.
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