Hi all!
I've been selling on ebay since 2020 due to COVID, very high inflation, and trying to make ends meet so I've been selling Pokemon and Magic cards (some vintage) to earn extra income but I don't have a business and only made about $5,000 last year 2022. However, my Cost of Goods sold (COGS) is probably around $4,000 so my net is $1000 after all ebay fees and shipping. It really wasn't a lot and I actually lost money during several transactions on ebay.
Ebay collected all my required taxes since I live in CA.
My question: Which Turbotax (Windows 11) should I use since I'm not a business and don't have a reseller license? I just bought some collectible cards and resold them later on when they went higher.
I kept all my receipts and I paid all taxes of the items I did purchase on ebay and elsewhere but I don't know which Turbotax allows Cost of Goods sold.
Or should I declare all these cards as Investible Income like gold coins?
Thanks!
