eBay taxable income asset disposition.

[Gratefuldenimhead]

I requested my 2024 purchase history report. It look a week and they sent me the wrong on. Ebay sucks

 

[Justdog]

I requested my 2024 purchase history report. It look a week and they sent me the wrong on. Ebay sucks

Weird hope it was a lot less.
Thing that gets me is you paid tax when you bought the stuff off income you already paid tax on then the buyer pays the tax on the stuff you are now selling and now you have to claim it as income when you bought it with after tax dollars.

 

[Igneous629]

Weird hope it was a lot less.
Thing that gets me is you paid tax when you bought the stuff of income you already paid tax on then the buyer pays the tax on the stuff you are now selling and now you have to claim it as income when you bought it with after tax dollars.

keep in mind it’s only gains of which you have to pay taxes on. If done using the cost basis and expenses, you are not paying taxes on anything but the gains. If you are selling at the same price you bought it or less, you will not pay taxes.

 

[DonR]

I have an EIN i plan to use for the 1099 they sent me. I'll deduct the cost of the hats, packing materials, cleaning materials, paper and ink for printing invoices and lables, etc.