Federal TAXES! Ebay, Poshmark, Mercari Tax Questions Answered for the Part-Time Seller

In this video I address a lot of tax concerns for the online seller buying things to resell on platforms like Ebay, Poshmark and Mercari. I also give some advice and tips for record keeping to make sure you can get the most out of your deductions, play by the rules and to make sure you survive an audit. If you enjoy this content please let me know by leaving a comment down below and give this video a thumbs up!

Some of the questions I address in this video include:
* Do I have to pay taxes for things I've sold on Ebay, Poshmark, Mercari or other selling platforms?
* Will they report my earnings and issue me a 1099?
* Do I need an EIN number to claim profits or losses from a business?
* What expenses can I claim on my tax return?
* Can I expense the cost of my home office?
* What about vehicle expenses? If I also use my vehicle for personal stuff??
* Garage sale sourcing - no receipts? What do I do? What type of records are accepted?

Quickbooks Self-Employed
https://quickbooks.grsm.io/DizzyAngie

Important Tax Related Links:

Tax Tips for Online Auction Sellers
https://www.irs.gov/businesses/small-businesses-self-employed/tax-tips-for-online-auction-sellers

Home Office Deduction
https://www.irs.gov/businesses/small-businesses-self-employed/home-office-deduction

Business Use of Car
https://www.irs.gov/taxtopics/tc510

Schedule C (PDF) - 2018
https://www.irs.gov/pub/irs-pdf/f1040sc.pdf

Schedule C Instructions (PDF) – 2018
https://www.irs.gov/pub/irs-pdf/i1040sc.pdf

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Ring Light: https://amzn.to/2D7IB2T
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Postal Scale: https://amzn.to/2DeSRGz
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Follow-me on Instagram: Dizzy_Angie (look for the flip flops image)
Email me at: TheDizzyAngie@gmail.com

Poshmark: http://www.poshmark.com/closet/dizzyangie
eBay: http://stores.ebay.com/dizzyangiescloset

Mercari
Create a Mercari account to buy or sell today using this link to get a $10 off credit!
Invitation Link: https://merc.li/YC5JtBb
Invitation Code: MRRJBY

Poshmark
Invite code: DizzyAngie
Use my invitation code when signing up for Poshmark and you’ll receive a $5 credit to use on purchases!

ThredUp
Use this link to purchase from ThredUp.com and you will receive $10 off your first order!
http://www.thredup.com/r/KU7E0I

Other fun channels:
Bin Pickers: https://www.youtube.com/channel/UCUZ96zl7b7VyAw4vttkoDbw
Ann Eckhart: https://www.youtube.com/user/SeeAnnSave
Global VooDoo: https://www.youtube.com/channel/UCbwPfpnXsfmVRKpyrdnCahQ
LittleBlackHanger: https://www.youtube.com/channel/UCIoUxuS3sPrKZP-Y3R65MBQ
El Ducho: https://www.youtube.com/channel/UCdKZ2NHjXAxqnC-b579qoEA
TheScottCottage: https://www.youtube.com/channel/UCD01O16uVWW1PKb4t2eVSzg

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Видео Federal TAXES! Ebay, Poshmark, Mercari Tax Questions Answered for the Part-Time Seller канала DizzyAngie