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Hi, I sold on Amazon FBA, I bought merchandise for around 2000 dollars. I made some sales on Amazon but then the rest of the merchandise did not sell so I lost.?
How can I file the taxes?
March 23, 2024
12:06 PM
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Getting started
Are you going to continue selling on Amazon? If not what did you do with the unsold merchandise?
March 23, 2024
12:27 PM
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Getting started
No Im not going to do it this year, Im just storing the merchandise
March 23, 2024
12:43 PM
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Getting started
You can claim your merchandise purchase in the inventory part of the self-employment section.
Opening balance: zero
Total purchase: $2000
Closing Inventory value: The cost of whatever you have left.
March 23, 2024
5:22 PM