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RGLZ(Newbie)Newbie
21 July 2024

Hi all,


New to the community and hoping I can get the answers so I can sleep better tonight! My situation:


  • Full time employment
  • Sole Trader (not registered for GST)
  • Ebay seller (not linked to my ABN)


In regards to expenses and how/where to enter into my tax return; salary is fairly straight forward. Sole Trader - do I enter all expenses manually calculated in the sole trader section?


My main confusion at the moment is my 'side hustle' on ebay. I turnover around 10K and would like to claim all expenses incurred - COGS, import freight costs, domestic freight, supplies, ebay fees etc. Can I do this? If yes, am I correct in saying total income is added to other income sources and deductions are added into the main deductions section? My scare is once I have added the approx. income I have a tax debt which is not right, I need to claim expenses to offset that.


Many thanks!!

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1 replies
287 views
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Most helpful reply

Matt_ATO(Community Support)Community Support
24 July 2024

Howdy @RGLZ,


As a sole trader, you can claim most expenses directly related to earning your assessable income.

These expenses include day-to-day operating costs, purchases of products or services for your business, and certain capital expenses (like machinery or equipment used in your business). Of course, ensure you keep thorough records of your expenses to prove their business purpose.


Your eBay activities sound like a business. If they are you report your eBay income and expenses + your sole trader income and expenses in your individual tax return under the business section. Your employment income goes in the employment section.


The resulting net income for all activities will be used to calculate your tax liability.

All replies

Most helpful reply

Matt_ATO(Community Support)Community Support
24 July 2024

Howdy @RGLZ,


As a sole trader, you can claim most expenses directly related to earning your assessable income.

These expenses include day-to-day operating costs, purchases of products or services for your business, and certain capital expenses (like machinery or equipment used in your business). Of course, ensure you keep thorough records of your expenses to prove their business purpose.


Your eBay activities sound like a business. If they are you report your eBay income and expenses + your sole trader income and expenses in your individual tax return under the business section. Your employment income goes in the employment section.


The resulting net income for all activities will be used to calculate your tax liability.

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