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Old 08-23-2022, 06:15 PM
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ta6point6 ta6point6 is offline
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Join Date: Jun 2003
Location: CO
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Yes I keep all my junkyard receipts in a monthly accordion file but the spreadsheet should be all I need to file to the IRS. I also use a separate credit card when I make junkyard purchases or any other thrifting purchases, it also earns me 2% cash back on all purchases. The garage sale and estate sale thrifting can be tricky but I usually write down on a piece of paper what the purchased item amount is and into accordion file. The receipts and pricing sheet is just an extra precaution as I understand it if I was to get audited. The spreadsheet should be more then sufficient to fill out a schedule C though. This is the first year I have used this spreadsheet and it is an eye opener on how quickly shipping costs and other fees cut into the profits.

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