Are you keeping track of all of your eBay expenses so that you can deduct them when preparing your income taxes? If you track these expenses all year long, you will be amazed at how much all of the little expenses add up. Here are just some of the items you can deduct:
eBay and Paypal Fees
Shipping Materials
Membership Fees (private groups and forums)
Computer Repairs and Software
Internet Fees
Cell Phone or Land Line Fees (if used for your business)
Printer Ink Cartridges
Labels
Advertising
Mileage (to thrift stores, flea markets, post office)
Automobile Expenses (gas, oil changes, new tires, etc)
Misc Supplies (tape, paper, pens)
Interest Paid on Business Credit Cards
Refunds Issued to Customers
Visit IRS.gov for the full list of deductible home business expenses.
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