Can you deduct your eBay and PayPal fees on your tax return?

by kamckinley on February 13, 2007

As a seller on eBay, you incur many expenses. Two of the most common expenses include your listing fees on eBay and your PayPal fees. 

Can you deduct these fees, and where do they go on your tax return?  Yes, you can deduct both your eBay listing fees and your PayPal fees.

EBay listing fees are an advertising expense, so list these on line 8 – Advertising, on Schedule C of your tax return.

Your PayPal fees are considered bank service charges and should be listed as an Other Expense on line 27 of Schedule C. 

For more information, sign up for our free ecourse, Tax Tips for eBay Sellers.

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