This is a great explanation - thanks!
When reporting the 1099-K from eBay on Schedule D, what can I report under cost of goods sold (COGS)? Can I include shipping paid, as well as eBay fees?
Also, if I purchased an item for $100, paid $6 in tax and $10 for shipping - is my cost basis $100 (because that's what I paid for the item before tax and shipping) or $116 (the total amount of the purchase)?
