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Dropshipping & Wholesale Suppliers Discuss Dropshipping on/off eBay, Amazon, Shopify, Etsy and other platforms.

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  #1  
Old 02-04-2015
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Arrow Drop Shipping help..

Hi guys. I'm new here and in need of assistance.

I have a drop shipper for a small number of ecig items. I haven't had an issue as far as listing since I reworked the wording.

I do have an issue with the money coming in. I see about a 10% return.

The problem I'm having is the income reporting. How can I sell as much as I can, without it messing with my personal tax situation? I've heard talk of a ghost, but I don't know if that would help me or not.
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Old 02-05-2015
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Default Re: Drop Shipping help..

You need to speak to a tax professional - forum isn't meant for that
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Old 02-16-2015
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Default Re: Drop Shipping help..

Are the returns going back to you or are they going back to the dropshipper? If they are going back to the dropshipper, then they should be crediting you for the return so it should reduce any income they are paying you. If the returns are going back to you and you are taking on inventory, then it becomes an inventory asset unless you can't sell it and decide to write it off.
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Old 02-16-2015
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Default Re: Drop Shipping help..

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