eBay Selling

When you ship a lot of things it can be hard to keep track of the postage receipts. But, they are valuable deductions for the end of the year. If you have a tax file that you keep throughout the year, be sure to put every post office receipt in it. That $1.62 may not seem like it’s worth keeping track of, but it can add up to hundreds or thousands of dollars a year for many sellers. Missing out on a deduction that size is leaving your hard-earned money on the table.

If you use a postage meter, many have a receipt function that allows you to print a receipt directly from the meter.  If you use PayPal shipping, you have will have a record in your PayPal account that can be printed out. However you keep track, if you can keep those records all year you will have a sizable deduction that will make the taxes on your eBay earnings a lot easier to bear.

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