Question

Adding Etsy sales. Didn't receive 1099. Adding in 'other self-employed' income. Is this gross sales or net deposit amount? Where do I include CC fees/sales tax deducted?

Forum|Forum|4 years ago
February 15, 2022
1 reply
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Looking to find out what amount to enter for Etsy sales in this question. Whether it is gross amount or deposit amount minus fees and taxes Etsy deducted. If it's gross amount, where can I claim the fees/taxes?

TurboTax Self Employed Online

Z

ZoltanB45

You would enter it as gross sales, but do not include the sales tax amount. It should not be a part of the gross sales or listed as an expense. It is just a liability. Fees on the other hand, can be recorded on the following expense screens.