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If a company takes money from your sale, for example 30% in some cases, could you claim that as a loss on the sale? I'd like to use a medium to sell a product but 30% is crazy!

closed as off-topic by NL - Apologize to Monica, JTP - Apologise to Monica Oct 27 '16 at 21:45

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    I'm voting to close this question as off-topic because this is business finance, not personal finance. – NL - Apologize to Monica Oct 27 '16 at 19:37
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    This question applies to crafters and hobbyists and collectors who sell items online. I think we need OP to clarify the POV from which "your sale" is evaluated. @Thebluefish's answer, below, describes how to treat this as an expense. – Xalorous Oct 27 '16 at 22:13
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If by "loss on the sale" you mean "an expense", then yes that is fine.

Say you sell a $20 game on Steam (30% is very common on markets like Steam, Google Play Store, iTunes Store, etc...), then you would report:

  • $20 as Income
  • $6 as Expenses

Side note: 30% is actually not that bad. For a product I helped bring into a few retail store chains, they are effectively taking closer to 40%, though retail can vary depending on several factors.

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    Note that it is not $14 income/$6 expenses. That would be double-counting the expense and result in your underpaying taxes. – keshlam Oct 28 '16 at 5:54
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    I don't think it matters, but I think you would just report $14 as income. You don't actually ever receive, and were never owed, the $20. Steam simply paid you $14 for the sale. – David Schwartz Oct 28 '16 at 17:31

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