Hi, I have over 30,000 in Ebay sales. I was selling personal items that I have had collected for many years. I opened a store in March , and decided to try and make a business out of this.
As I stated lots of these sales were from personnel collections, and some were from new products I purchased to resell.
My question is since I need to report the amount of sales, how can I add in the costs of the personnel items and separate the losses from the gains.
I will have a loss of the totals since I bought lots of the personal items and saved them for years and now they sell for much less they I paid for them.
Also how do I show the costs that EBay took from the sales, along with shipping costs. I will have a large loss, and want to be sure I'm doing it correctly, so in future years I wont have any issues.
Thanks
