- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Do you need to file income taxes for a small Etsy business that did not make any profit? (IE spending was a lot more than we made)?
Topics:
April 24, 2020
10:13 PM
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Self-employed
You should report it as Self-Employment income. That way you can report both your income and expenses, and if you have a loss, you can carry it forward (or back) to other years.
If you report your Etsy earnings as Other Income, then you won't be able to claim the expenses.
April 25, 2020
5:09 PM