Tax Time for Treasure Hunters: A Deep Dive for eBay Sellers (with Tax Trivia!‪)‬ Pickers Podcast

Intro: Tax Time
Mike and Jen kick off the episode discussing tax season and the importance of handling taxes properly as eBay sellers.
Mike's Update
Listener KK's feedback is highlighted, expressing appreciation for the show's content.
Jen's Update
Jen shares insights into a significant sales day and the importance of proper tax management.
eBay Tax Filings
Mike discusses his experience using TurboTax, the time investment, and plans to consult a professional next year.
Detailed breakdown of eBay sales, refunds, fees, and shipping expenses.
Discussion on deductions, including eBay fees, promoted listing fees, and shipping labels.
Introduction to basic profit and deduction concepts for eBay businesses.
Common Deductions and Business Expenses
Jen elaborates on common items and deductions applicable to eBay businesses, including home office expenses, utilities, and phone bills.
Mike raises a question regarding using owed taxes to purchase business-related items.
Social Engagement
Call to action for audience engagement, including reviews on Apple Podcasts and YouTube subscriptions.
Tupperware Update
Review of recent Tupperware sales, net profits, and listing statistics.
Tax Trivia
Discussion on deducting pets as business expenses and the limitations set by the IRS.
Examples of frivolous or unreasonable tax deduction attempts.
Ending
Mike and Jen sign off with a tagline encouraging listeners to seek their own treasures responsibly and humorously reflecting on deductible expenses.
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