Unlike a day job, Amazon sellers have to file their own taxes and to do so you need pull together several reports to show income and expenses.

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It's that time of year where we all have to file our taxes. As an Amazon seller you'll need to gather several pieces of information to file your taxes or to give to a CPA to help you file. Most of these reports revolve around showing your income and expenses. Amazon provides a 1099K to sellers who reach $20,000 in gross sales and 200 total transactions. The 1099K only shows total payments made from Amazon to you, but doesn't cover your business expenses.

For expenses you will have to pull a transaction report from Amazon. I personally use Inventory Lab to run my business and they provide amazing reporting to help you track everything. I will show you both Inventory Lab and Amazon's method for gather your information.

Everything you need to get started on Amazon:    • All The Supplies You Need To Get Star...  

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Bubble bags: https://amzn.to/321HPAc
Poly bags: https://amzn.to/3aCRd15
Tape: https://amzn.to/3g9Q567
Boxes: https://amzn.to/2YdRJh3
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Heater: https://amzn.to/3kZ1qte
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Printer: https://amzn.to/3azkKZq
30 Up Labels: https://amzn.to/2YbpNuc
Label Roll: https://amzn.to/3kVNj84
Shipping Labels: https://amzn.to/34cD4Xd
Label Printer: https://ebay.to/2TDSmAc

The software, subscriptions, and services I use:

Seller Amp: https://bit.ly/SellerAmpPTB
BQOOL: https://bit.ly/2FAm3IE
Payability: https://bit.ly/32AzcfS
Tactical Arbitrage: https://bit.ly/TactArb (Use code PathToBillions for a free 10day trial)
Inventory Lab: https://bit.ly/InvenLab

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*Some links are affiliate links and I will earn a small commission if a product or service is purchased through the links. They help support this channel and it is always appreciated.