Knoxville, Tennessee · Mon–Sat 10a–7p, by appointment · 865.359.0228
— FOR ONLINE SELLERS
You sold a closet full of clothes. Now what do you owe?
Simple records for Vinted, Poshmark, eBay and everywhere you sell, so tax time is quick and you keep every deduction you've earned. Prepared by Melissa Griffin, IRS Enrolled Agent.
$15
8 printable pages, instant PDF download.
Get the kit
— THE HONEST PROBLEM
Most sellers don't know which of the two they are.
You started by cleaning out a closet, and then one day you were buying things on purpose to flip. Those two situations are treated differently at tax time, and knowing which one you're in changes what you owe and what you can write off. The trouble is, by the time anybody asks, the receipts are gone and the app history is a mess.
So this kit does the boring part with you. You write down what you bought, what you sold, what it cost and the miles you drove, and you keep it current in about ten minutes a week.
— WHAT'S INSIDE
- How to tell whether your selling is taxable in the first place
- What a 1099-K means, how self-employment tax works and which deductions resellers can take
- Inventory & Cost Tracker
- Monthly Sales Summary
- Supplies & Expenses Log
- Mileage Log
- A year-end checklist so nothing gets missed
— WHO IT'S FOR
People selling on Vinted, Poshmark, eBay, Depop, Mercari and anywhere else, whether you're clearing out your own things or sourcing on purpose. If you've wondered whether any of this counts, this is the kit.
— HOW IT WORKS
- No. 01 Buy it here and your download link lands in your email right away.
- No. 02 Print the tracker pages and log what you've bought and sold this year.
- No. 03 Spend ten minutes a week keeping it current, and tax time is quick.
— GET THE KIT
This kit is general information and is not tax advice. HB Financial Group is not affiliated with or endorsed by Vinted, Poshmark or eBay. This is an instant digital download, so all sales are final. If your download link will not open, call 865.359.0228 and we will take care of it.
Selling more than you expected? Book a free 15-minute Reseller Tax Check-In, or read our plain-English answer on Vinted sales.
— COMMON QUESTIONS
Before you buy
It depends on why you bought the item. Selling your own things for less than you paid is generally not taxable, and that loss isn't deductible. If you made a profit on a personal item, that profit is taxable. And if you bought something specifically to resell, that's business income, so you report the sales and subtract what the items cost you.
— NEXT STEP
Let's make tax time quick.
One conversation is usually all it takes to know whether your selling is something to plan around.