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Afgolfgirl
New Member

Craft business. I started selling on Etsy in Mar 2018, became an official business (EIN, registered with state etc) in Oct 2018. What is my start date for tax purposes?

 
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CarolynM
Level 1

Craft business. I started selling on Etsy in Mar 2018, became an official business (EIN, registered with state etc) in Oct 2018. What is my start date for tax purposes?

You need to use the March date for tax purposes so you can claim the expenses incurred for the all the months you operated.

For tax tips about your Etsy business, follow this link: 

https://turbotax.intuit.com/tax-tips/self-employment-taxes/selling-on-etsy-your-taxes/L27I196Wu

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CarolynM
Level 1

Craft business. I started selling on Etsy in Mar 2018, became an official business (EIN, registered with state etc) in Oct 2018. What is my start date for tax purposes?

You need to use the March date for tax purposes so you can claim the expenses incurred for the all the months you operated.

For tax tips about your Etsy business, follow this link: 

https://turbotax.intuit.com/tax-tips/self-employment-taxes/selling-on-etsy-your-taxes/L27I196Wu

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