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KBWright5
New Member

I just started a small internet business. where do I enter the products I purchase for resale? Where do I enter the shipping cost to ship the sold product.

Am I able expense the cost items I buy for resale?
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1 Reply
MarilynG1
Expert Alumni

I just started a small internet business. where do I enter the products I purchase for resale? Where do I enter the shipping cost to ship the sold product.

Yes, you can enter your Expenses, like shipping, and also the Cost of Goods Sold for your business.

 

Type 'Schedule C' in the Search area, then 'Jump to schedule c' to get to this section.

 

Here's  Quick Links for Self-Employed and Gig Workers you may find helpful. 

 

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