Is there any deduction for storage space and sending things I'm selling to myself?
r1111
Member Posts: 2 Newcomer
Hello. I basically got scammed by a moving company a few years ago and I have things in a storage space in another state. I have shipped a few boxes to myself to sell some of these things. Is there any deduction I can use for the storage space or the boxes sent?I don't even know if I can deduct the sales because I wasn't issued any tax forms for selling. I just don't want this scam to end up ruining me. Thank you.
Answers
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Hello,
You can still report self-employment income even if you were not issued any tax forms. I'm going to include a link below from the IRS to see if your situation can be considered a business. If it is, then you can report any sales income and expenses on a Schedule C.