You are bringing up an issue many of us older types are downsizing our collections. Because of PayPal, E-Bay and alike you will likely receive a 1099-K. That will cause you to report on a schedule C your income. The expenses on your schedule C will be your out of pocket expenses. The "Cost of Goods Sold" is a more difficult problem. You will want to estimate the best you can, what those amounts should be. Often is these situations you are not really making a profit, as most of these types of things have little or no appreciation. You will also want to remember that the IRS will consider the Schedule C a "Hobby" and losses will be limited.
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