Marketplaces report gross sales on a 1099-K, and your cost of goods sold is the base product and printing fee per item.
Print-on-demand sellers report on Schedule C, listing designs that a supplier prints and ships only after a customer orders.
Because there is no upfront inventory, your cost of goods sold is the per-order base cost and fulfillment fee charged by the print provider, which must be matched against gross sales reported on the 1099-K.
Income you’ll report on: 1099-K.
Most people in this line of work leave money on the table. Here's what we make sure to capture:
If you earn as an independent contractor, yes — self-employment tax is 15.3% (Social Security and Medicare) on your net profit, on top of regular income tax. You deduct half of it, and every business deduction lowers what you owe. We handle the calculation on Schedule SE.
Common write-offs include per-order base product and printing costs, marketplace and platform listing fees, design software and font or mockup licenses, outsourced design or artwork commissions, plus a share of your phone and any home-office use. We go through your year line by line so nothing legitimate gets missed.
If you expect to owe $1,000 or more for the year, the IRS generally wants quarterly estimated payments to avoid an underpayment penalty. We calculate them so next April isn't a surprise.
Yes. Your income is taxable whether or not a client or platform sent a 1099. We report it correctly and offset it with every deduction you qualify for.
Tell us what you've got and we'll come back within one business day with the plan and the price · from a preparer who knows your line of work.
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