Question

Filing a return documents

Forum|Forum|3 years ago
August 31, 2022
1 reply
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What forms should I have ready for filing a return with my Etsy small business?

Hi @vkiraly! You may receive a 1099-K from Etsy that reports your total gross sales income from selling on Etsy for the year. You'll want this tax form for your income tax return. Keep in mind that Etsy will report gross sales on the 1099-K, which will include shipping, refunds, fees, and sales tax, among other potential things. Aside from this tax form, you'll want to keep your own records for your business income and expenses. As a small business, you can write off all ordinary and necessary business expenses, including fees, materials, supplies etc.

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