VERO Items and taxes

Allfor5 · #1 10-23-2014

For those of you who sell VERO Items.

When listing them as expenses

Would you list "Cellphone cases" or "(Insert Brand Name Here) cases"

Thanks

BigCJ · #2 10-23-2014

I tend to list them as 'do not sell so we wont be sued' in my books.

JamesNorth101 · #3 10-23-2014

Talk to an accountant (and a lawyer if your items are not 100% genuine)

unkown5454 · #4 10-23-2014

i am sad these silly threads are even left open for discussion

jeffweico · #5 10-23-2014

Sorry, but nobody on this forum is going to advise you as to how to sell counterfeits and get away with it. You need to find another forum for that.

If, however, I am wrong and you mean the items ARE genuine, but branded, then you should have no problem listing them either way on your taxes. Usually, you don't have to list specific items when filing. But there are exceptions to that and the question would be best left to a tax professional. How you report depends on many, many factors and we don't have any tax experts here.