turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Event: Ask the Experts about your refund > RSVP NOW!
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

I sell items on eBay where do I file my ebay and Paypal fees. These should come off at 100% correct?

 
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions

I sell items on eBay where do I file my ebay and Paypal fees. These should come off at 100% correct?

This business activity should be reported on Schedule C, which TurboTax Self Employed does support.

You certainly can report these fees on line 10 of the Schedule C - "Commissions and fees" - or you could report them on line 27a - "Other expenses (from line 48", explicitly naming then as "Ebay and PayPal fees".  You do report 100% of your fees.

Tom Young


View solution in original post

2 Replies

I sell items on eBay where do I file my ebay and Paypal fees. These should come off at 100% correct?

100% of those expenses will reduce your profit by that much.

The amount of tax owed will only be reduced by a percentage of those expenses.

I sell items on eBay where do I file my ebay and Paypal fees. These should come off at 100% correct?

This business activity should be reported on Schedule C, which TurboTax Self Employed does support.

You certainly can report these fees on line 10 of the Schedule C - "Commissions and fees" - or you could report them on line 27a - "Other expenses (from line 48", explicitly naming then as "Ebay and PayPal fees".  You do report 100% of your fees.

Tom Young


message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies