ThomasM125
Expert Alumni

Investors & landlords

If you consider the antiques an investment rather than a business, then you are on the right track. You didn't mention if you deducted the cost of the antiques, so you do need to do that.

 

However, if you are actively engaged in selling similar items on Ebay you would be considered a dealer, in which case you should report the sales as business income, in the Self-employed income and expenses section.

 

An investment is something you purchase with the intent that it will appreciate in value over time, as opposed to something that you purchase at a discount and sell in the near future, which would constitute a business. Another aspect of an investment is something that you don't invest a lot of time in managing.

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