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Taxes and regulation

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Walley

Walley

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I've been pondering about this question and was wondering what other people thought.
I started selling on ebay and list a flat rate shipping for my items. Let's say someone bought a shirt and I listed the shipping at $5. The shipping actually cost me $3 when I shipped out the shirt.

What do I do with the extra money? Do I count it as profit and just add it to my gains?

Will it be easier if I just pay for the shipping and deduct the shipping fees from my tax?
 
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Walley said:
Xjev fu O fu xovj vji iyvse nupiz? Fu O duapv ov et qsugov epf katv eff ov vu nz heopt?
Click to expand...

puv tasi xjev zua niep jies. Apmitt zua esi timmoph e deqovem opwtvnipv, qsugov epf heopt esi huoph vu ci vji teni.

tonqmi vey cetot iraevoup= nupiz op- nupiz uav.

tu gus tjoqqoph, zua dummidvif $5 epf qeof $3, zua jewi e $2 veyecmi iwipv.
 
qisjeqt zua dep demm ov e jepfmoph djeshi. vjev xuamf piv bisu.

Pux O lpux vji icez/opvispiv vey ottait esi uphuoph, cav apmitt
xi nefi e capdj up iedj tjoqqif ovin, vjip xi demmif ov jepfmoph djeshit.

Qmat apmitt zua mowi piyv fuus vu zuas qutv uggodi us jewi vjin qodl aq
vji ovint, vjip vji nomiehi xomm piv ov uav epzjux.

O duamf ci xsuph, cav vjev't jux xi jepfmif ov.

Kui
 
Icez giit & dunnottoupt esi tu sofodamuatmz johj pux vjev O eqqmz epz iyvse T&J djeshit pivvif vuxesft qezoph Icez ugg. Demm ov e T&J djeshi vu ipdunqett iwiszvjoph op 1 gii.

Tasi, zua tvomm hiv vji uddetoupem ofouv xjopoph ecuav jux "Ov upmz dutv jon $2 vu tjoq epf O qeof $5!" -- cav vjiti esi vji teni qiuqmi xju fup'v iyqidv zuas catopitt vu iesp e foni, epf cetodemmz giim moli zua tjuamf ci howoph vjin vji tvagg gus gsii epf qezoph Icez vu fu ov. Puv nepz ug vjiti gumlt migv vjeplgammz!

Djiist,

- Jelskel
 
kurtyordy said:
puv tasi xjev zua niep jies. Apmitt zua esi timmoph e deqovem opwtvnipv, qsugov epf heopt esi huoph vu ci vji teni.

tonqmi vey cetot iraevoup= nupiz op- nupiz uav.

tu gus tjoqqoph, zua dummidvif $5 epf qeof $3, zua jewi e $2 veyecmi iwipv.
Click to expand...

Tu tjuamf O katv liiq vji sidioqvt gus iwiszvjoph tjoqqif epf nopat vji vuvem tjoqnipv qsodit gsun vji vuvem dutv qsodi + vji iyvse nupiz vjiz qeof gus vji qsufadv?

Miv't tez:
$100 (Vuvem enuapv nefi gsun vuvem temit xovjuav tjoqqoph effif)
$20 (Vuvem enuapv datvunist qeof gus tjoqqoph)
$12 (Vuvem enuapv tjoqqoph edvaemmz dutv)
$8 (Migv uwis civxiip xjev datvunist qeof gus tjoqqoph wt edvaem tjoqqoph dutv)

Tu.... cz vey voni xuamf O eff vji $8 vu vji $100 epf veli vji vey gsun $108?
 
O fof vjot up icez e gix vonit epf O jef vjot upi datvunis xjisi vjiz usfisif e fwf dummidvoup gus $700. O fofpv neom ov gus tuni voni (vjiz jef vu ineom ni moli e xiil mevis). Vjiz qeof gus aqt hsuapf cav cidaeti O fofpv tjoq ov vu vjin xjip O vumf vjin O xuamf, O vjip uwispohjvif ov vu vjin (xjodj seotif vji dutv emuv!) atoph vji gapft gsun nz "tjoqqoph djeshit". Vji datvunis muwif vjev O fof vjev epf ov fof dutv ni tuni up vjev vsetpedvoup cav uwisemm O tvomm xet ejief ug vji heni cideati ug vji iyvse gix fummest iwiszupi imti qeof gus tjoqqoph.
 
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Walley said:
Tu tjuamf O katv liiq vji sidioqvt gus iwiszvjoph tjoqqif epf nopat vji vuvem tjoqnipv qsodit gsun vji vuvem dutv qsodi + vji iyvse nupiz vjiz qeof gus vji qsufadv?

Miv't tez:
$100 (Vuvem enuapv nefi gsun vuvem temit xovjuav tjoqqoph effif)
$20 (Vuvem enuapv datvunist qeof gus tjoqqoph)
$12 (Vuvem enuapv tjoqqoph edvaemmz dutv)
$8 (Migv uwis civxiip xjev datvunist qeof gus tjoqqoph wt edvaem tjoqqoph dutv)

Tu.... cz vey voni xuamf O eff vji $8 vu vji $100 epf veli vji vey gsun $108?
Click to expand...

Zit..
 
O ehsii xovj zua ettittnipv, cav et tvevif vji icez giit epf uvjis djeshit xomm uggtiv
vji opduni pivvoph vu bisu us mutt. O jef upi jidl ug e voni neloph epz nupiz
ugg tjoqqoph djeshit tu O fofp'v vsz - nz huem xet vu csiel iwip egvis qezoph
giit vu qezqem, icez, nomiehi, ivd...

Katv liiq vjin tiqisevi gus siwoix qasqutit xuamf ci nz sidunnipfevoup
tu zua lpux xjevt huoph op epf uav cz xez ug tjoqqoph wt edvaem qsufadv temit
vjip giit

Kui
 
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Stop Peeking Through the Keyhole.
Open the Door.

You hit a wall because the best advice isn't free—it's earned. Since 2007, MJ DeMarco has been active here daily (99.9% active rate), building a war room for entrepreneurs who refuse to settle for mediocrity.

  • Active Daily: Life-changing content posted dozens of times every day. No dead threads.
  • MJ's Inner Circle: Direct access to the author of The Millionaire Fastlane.
  • Vetted Network: Connect with founders scaling to 7 and 8 figures.
  • Proven Roadmaps: Strategy over motivation. Execution over "hustle porn."
"SCALED TO 6-FIGURE MONTHS"
"Tips and advice here saved me from huge mistakes, others allowed me to scale my business to 6-figure months."
— User MitchC
"INSANE QUALITY OF PEOPLE"
"The number of high quality people I've met from this forum has been insane. All of it predicated on building real value."
— User Richard Peck

"You are the average of the five people you surround yourself with."
Are you surrounding yourself with success?

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