ETSY changed categories for transaction fees from commissions to other business exp so comparison to last year is off...is that a red flag?

gyana1 · ‎March 7, 2021

2019 commission was 500,, now its zero and other exp is up 500...

DavidD66 · ‎March 7, 2021

No, that will not be a red flag for the IRS. If you would like to, you can continue to enter the transaction fees as commissions. You aren't required to conform to Etsy's way of classifying expenses.

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

View solution in original post

DavidD66 · ‎March 7, 2021

No, that will not be a red flag for the IRS. If you would like to, you can continue to enter the transaction fees as commissions. You aren't required to conform to Etsy's way of classifying expenses.

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

gyana1 · ‎March 10, 2021

thank you. .it had me worried 🙂

Expert does your taxes

Do it yourself

Resources

Support

ETSY changed categories for transaction fees from commissions to other business exp so comparison to last year is off...is that a red flag?