Guides

The money side of reselling

Three things worth understanding once. None of them is tax advice; all of them will make the conversation with whoever does your taxes shorter. For fees worked through on real sales, see the blog.

• Record keeping for resellers: what to write down, and when

  Record keeping for resellers made simple: the five numbers every item needs, what marketplaces don’t keep and how long the IRS wants records.

• The mileage deduction for resellers, with 2026's two rates

  The mileage deduction for resellers: which drives count, what to log, and 2026’s two IRS rates, 72.5¢ to 30 June and 76¢ from 1 July.

• What counts as cost of goods sold when you resell

  What counts as cost of goods sold for a reseller, why it counts the year an item sells, and how to split a bag or pallet across items.

• A reselling spreadsheet template

  The columns a reseller's spreadsheet needs, a free template to download, and when a ledger beats a spreadsheet.