I sell products online via ebay.
If I sell a $100 product, I make 50% of that, or $50. In most cases my wholesale discount is 50%.
Where do I state that my income is not the $74,000 that PayPal is showing, but actually 50% of the shown income = $37,000?
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You will be asked questions about the Cost Of Goods Sold. Enter what you paid for your sold items
You will be asked questions about the Cost Of Goods Sold. Enter what you paid for your sold items
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