Quarterly estimated taxes for resellers (eBay, Poshmark, Whatnot)
Varies
Can Resellers Write Off Quarterly Estimated Taxes?
Short answer: No: estimated tax payments aren't deductible, but resellers (eBay, Poshmark, Whatnot) who skip them can owe penalties.
Pay by April 15, June 15, September 15, and January 15. Half of self-employment tax is deductible on your return.
Records to keep: Keep receipts, 1099s and platform tax summaries, a mileage log, and a note of the business purpose.
Quarterly estimated taxes for resellers (eBay, Poshmark, Whatnot)
Varies
E-commerce / Online Sellers / Resellers
No: estimated tax payments aren't deductible, but resellers (eBay, Poshmark, Whatnot) who skip them can owe penalties.
Business justification
No: estimated tax payments aren't deductible, but resellers (eBay, Poshmark, Whatnot) who skip them can owe penalties. Pay by April 15, June 15, September 15, and January 15. Half of self-employment tax is deductible on your return.
Category
- Write-Offs by Profession