Profit from selling personal items

[gpnewman]

When I'm putting profits from selling personal items, can I deduct eBay fees and supplies for shipping along with original cost of the item?

[Bsch4477]

If you regularly buy and sell items with the intent to make a profit, the activity is considered a business. In this case, you report income and expenses on Schedule C (Form 1040)and may need to pay self-employment tax in addition to income tax. The items you mentioned are expenses.