It depends. If you sell and buy articles on eBay in order to earn money, the IRS will likely classify your sales activities as a business. This means you will have to report net income from eBay sales.
Report your total gross income on Schedule C, then reduce it to net income by subtracting the amounts you spent for allowable business-related expenses.
Use this link for additional information: Factsheet for eBay Sellers
How to fill out schedule C
- Open or continue with your return.
- In the Search box type schedule c.
- Click the “Jump to schedule c” link in.
- Answer Yes to Did you have any self-employment income or expenses?
- Follow the onscreen instructions to enter your Schedule C information.
@andreavassiliou
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
