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ellencleveland
New Member

Seasonal consignment sale

i run a consignment sale. i pay a commision to people who sell their items in the event. i never  own the items. how do i report the money i pay to the people who owned the sold items?
1 Best answer

Accepted Solutions
PaulaM
Expert Alumni

Seasonal consignment sale

You can subtract the fees from the income that you are reporting or list the commission fees as a business expense as a Miscellaneous expense.

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1 Reply
PaulaM
Expert Alumni

Seasonal consignment sale

You can subtract the fees from the income that you are reporting or list the commission fees as a business expense as a Miscellaneous expense.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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