Amazon FBA income is taxable self-employment income. Calculate your true profit after Amazon fees and your total tax bill.
TurboTax Self-Employed handles Schedule C, 1099-NEC, platform income, and every creator deduction automatically. Guaranteed max refund.
File with TurboTax Self-Employed →FBA sellers are self-employed: Net FBA profits are subject to 15.3% self-employment tax PLUS federal income tax. Many sellers are shocked — plan for 30-40% total tax on profits.
COGS is your biggest deduction: All inventory costs are deductible. Track every unit purchased and keep Amazon invoices for the full year.
S-Corp election can save thousands: At $60k+ net profit, electing S-Corp status can save $5,000-15,000/year in SE tax. Use our S-Corp calculator to see your savings.
Software is 100% deductible: Jungle Scout, Helium 10, SellerApp, and all FBA tools are legitimate business expenses. Don't miss these.
Sales tax warning: As a marketplace facilitator, Amazon collects and remits sales tax in most states. But check your state's economic nexus rules — you may have filing obligations.