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Get your taxes done using TurboTax
@user3143 wrote:
I don't have to file it as a hobby.
If it saves me money I can input it as something else?
Thanks
Just because you received money, doesn't mean it is taxable. You have taxable income if you sell items for more than you paid. If you are only selling used items for less than you paid, you don't have taxable income and you don't have to report it, but you might be asked by the IRS to prove you were only selling used items for less than you paid.
As mentioned, you can't deduct expenses (like shipping) even if you sold items for a gain. But you only owe tax on items sold for a gain.
‎February 7, 2022
3:27 PM