So, how would you handle the following situation: you sell something on eBay that is a personal item you bought many years ago. Assume you paid $10 for it in 2004. In 2019, you sell it on eBay in pre-owned condition for $5. How would you report this for tax purposes? Specifically, what do you report as the cost of the item you sold? Is the cost $0 and you need to report a $5 profit?
