Tax Form Question? How to Report My ebay Sales?

dannyboy19 · Dec 19, 2010

Ive found a lot of various responses of how people report their ebay income online. I am really just a casual seller and sell alot of items that have been lying around the house. Over the course of the year I have sold a few baseball cards that have gone up in value, but other than that not too much stuff.

How do I report my ebay income? Do you fill out a schedule C? Im not running a business here at all.

Thanks for any input/help

bowmanchromeandorr · Dec 19, 2010

if its not business and you dont have a business license don't report it unless you made over 20K. those fockers in DC make enough off of us anyway

tommyfro21 · Dec 19, 2010

I use Turbo Tax and file it as "hobby". Anything you make over $400 legally has to be reported. You can deduct costs there but they cannot exceed the gross amount you made.

A_Pharis · Dec 19, 2010

bowmanchromeandorr said:
if its not business and you dont have a business license don't report it unless you made over 20K. those fockers in DC make enough off of us anyway

Telling people to not report sales that are subject to tax is the worst advice ever.

JoshHamilton · Dec 19, 2010

bowmanchromeandorr said:
if its not business and you dont have a business license don't report it unless you made over 20K. those fockers in DC make enough off of us anyway

Extremely risky. If you don't file, Adam Pharis will tattle on you

A_Pharis · Dec 19, 2010

JoshHamilton said:
bowmanchromeandorr said:

if its not business and you dont have a business license don't report it unless you made over 20K. those fockers in DC make enough off of us anyway

Click to expand...

Extremely risky. If you don't file, Adam Pharis will tattle on you

Cause that's exactly what I said, right? Troll.

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Tax Form Question? How to Report My ebay Sales?

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