I have been selling some personal belongings on eBay over the past year and have read some of the questions and answers around this. This is not a hobby or business for me as I am not trying to make a profit, but rather recoup some of what I spent to buy something else. I am trying to determine if I am selling the items at a profit or loss, but I have 2 questions regarding this:
1) I am assuming that what I paid for an item includes any sales taxes on the item and any potential shipping cost. Is this correct?
2) To determine my "profit" from selling an item, do I use the amount the item sold for? Or is it the amount that I actually receive after the selling fees and shipping label costs are deducted by eBay?
