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Supplies & Materials for Selling - Write Off?

Forum|Forum|3 years ago
August 31, 2022
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Hello - Am I able to write off any of the items needed to re-sell items? For example, postage, envelopes, tape, etc.?

Thank you!

Best answer by Sandy_M65

Hi-

If you are reporting the income you received for the sale of the items as a business, (Sole proprietors include their business income on a Schedule C on their personal tax return), then yes you can write off the necessary expenses. Please see the links below for additional information.

https://turbotax.intuit.com/tax-tools/calculators/self-employed/

https://www.irs.gov/pub/irs-pdf/p334.pdf

Sandy_M65Answer

Hi-

If you are reporting the income you received for the sale of the items as a business, (Sole proprietors include their business income on a Schedule C on their personal tax return), then yes you can write off the necessary expenses. Please see the links below for additional information.

https://turbotax.intuit.com/tax-tools/calculators/self-employed/

https://www.irs.gov/pub/irs-pdf/p334.pdf

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