I understand from a previous response that hobby losses on eBay are not deductible. Everything I sold was at a loss, either sports gear or auto parts.
Is the amount I was paid by eBay all considered income to be added in to my total income, or can I deduct the cost of the item to off set the income. ie. If I sold something at $75.00 and it cost me $100.00. Can I document this so I do not have to include the $75.00 income but not declare it as a loss?
thank you
