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Premium Member
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9,204 Posts
Discussion Starter #1
Do you pay yearly taxes depending on how much you "make" from E-bay?

Reason being, I've recently sold about $1800 worth of stuff I've just got around to messing with.

Now, this wasn't meant as a business venture, just stuff that I bought and didn't use much for whatever reason and wanted to take a stab at getting some money back for it.

Thanks,

Grant
 

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HERE WE GO STEELERS
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18,683 Posts
Don't think so. You don't really pay taxes at a Pawn Shop or any other kind of business where they buy shit from you.
 

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Registered
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3,801 Posts
its not really income, unless its a business. If your just selling your old stuff that you paid tax on when you purchased it is one thing, buying a gangload of a product with a resale tax number and selling them on ebay is another.
 

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Premium Member
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1,237 Posts
No way Grant! If anything ever came up (ie: an audit), I would just argue that my cost basis was higher than the amount I got paid from the ebay transaction. The only way you'll ever have to deal with something like this is if you got audited.

Rob
 

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P1
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2,624 Posts
yeah but they generally dont mess with small fries....they're going after the big dogs
 
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