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Level 2
February 27, 2023
Solved

Selling books on Amazon

My daughter gave me all of her college books and I started to sell them on Amazon. We paid for the books in her tuition, but I don't have a dollar amount for each book. How do I enter the sales then enter my costs for these books. Also, what business code would I use for Amazon sales? 

    Alumni - Intuit
    February 27, 2023

    You don't need to report the sales if you sold them for less than you paid for them and the sales are not listed on a form 1099 that you received. 

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

    2 replies

    Alumni - Intuit
    February 27, 2023

    You don't need to report the sales if you sold them for less than you paid for them and the sales are not listed on a form 1099 that you received. 

    **Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"
    jamminyamAuthor
    Level 2
    February 27, 2023

    Thank you very much.