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Question
Friend sold some items on Etsy. Received a check and 1099 for the sale amount minus the commission. What forms must be filed that takes the cost of selling the items into account so she pays taxes on the gain only? Thanks
Date Asked:
December 21, 2021
Answer

Great question! Your friend would use Form Schedule C, which will automatically generate on the Keeper Tax app. Schedule C will allow her to report her gross sales and the related commission expense so that she only gets taxed on the gain.

Date answered:
December 21, 2021

Keeper Staff

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