@stevendingle54
Just no. You don’t have taxable income on the sale of personal property unless you sell the property for more than your cost basis. This applies to garage sales where you sell for cash just as well as to eBay. It doesn’t become taxable income just because the payment processor sends a 1099.
You can’t deduct selling expenses, whether it is online transaction fees or the cost of renting a table for your garage sale. But your taxable income is your gain, not your gross proceeds.
The issue is how to report it on your tax return, and what kind of records you need to keep in case of audit. The rules about when payment processors must issue a 1099 do not change the fundamental definition of taxable income.
There is no need to confuse things any further.
