
- #Turbotax 2017 home and business ebay pro
- #Turbotax 2017 home and business ebay software
- #Turbotax 2017 home and business ebay mac
Under Description put "1099-K Personal Property Sales ". Answer Yes to "Any Other Taxable Income?". Then scroll down and choose Other reportable income. On Your 2017 Income Summary, scroll down click on Start next to Miscellaneous Income,. "Enter it under Wages & Income tab at the top: I was googling this further and came across some instructions on a TurboTax forum that said to: I did find this, even though you're not using TurboTax, the instructions might be very similar, basically zero out your schedule c income by listing the same expense under COGS: I actually have this question as well because the lines between "garage sale items" and actual business related income are blurry. My questions are:ġ) Even though this is the online version of garage sales (which typically don't require reporting), I do still have to report it because of the 1099-K? If so, is Schedule C what I should use?Ģ) How should I enter my acquisition costs for the items I sold, as Costs of Goods Sold or some other expenses?ģ) The majority of the items I sold are used items - what's the accepted way for determining my acquisition costs? Will the original receipts be sufficient or do I have to establish their costs in 2019?Ĥ) Do I have to include any documentation along with my tax return to substantiate the reporting? If not with the tax return, what documentation should I plan to keep in case IRS requests them later on?Īny pointers or suggestions? If it matters, I'm using the Self Employed+ version of TaxAct. The gross receipt is only $1037, but Massachusetts has a lower threshold of $6-K. You’ll still pay more by using TurboTax than you would if you completed all the tax forms on your own.I'm trying to report a 1099-K form (not M-1099-K) I received as a result of selling used items on eBay. If you hire a CPA, then the experience can be costly. Here are some of the pros and cons to consider when choosing TurboTax over the services of an accountant. What are the pros and cons of using turbotax over an accountant? Zoho Recruit combines a robust feature set with an intuitive user interface and affordable pricing to speed up and simplify the recruitment process.
#Turbotax 2017 home and business ebay pro
What is the difference between accountedge pro and zoho recruit?ĪccountEdge Pro has all the accounting features a growing business needs, combining the reliability of a desktop application with the flexibility of a mobile app for those needing on-the-go access. While there is a plan available for sole proprietors (AccountEdge Basic), the Pro plan is perfectly suited for today's small business owner who wants the best of both worlds: the reliability of an on-premise application coupled with remote system access.
#Turbotax 2017 home and business ebay software
What is the difference between accountedge basic and pro?ĪccountEdge Pro is an accounting software designed for small, growing businesses. With AccountEdge Pro, business owners can organize, process, and report on their financial information so they can focus on their business.
#Turbotax 2017 home and business ebay mac
What is AccountEdge? AccountEdge Pro is powerful, easy to use, small business accounting software for the Mac and Windows desktop.
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