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rikstoy90
New Member

Hello, do i have to pay taxes on used items that i sold on ebay? i've been selling used items for my family this last year.

 
1 Reply
AustinTS
New Member

Hello, do i have to pay taxes on used items that i sold on ebay? i've been selling used items for my family this last year.

It is against the law not to report all income to the IRS. The IRS rules are clear: you must pay taxes on all personal and business income and that includes money you make selling on Ebay.  If you consistently sell on eBay the IRS may deem your activities to be business oriented and you will be required to file a Schedule C and claim the income.

Check out This TurboTax Link below
https://turbotax.intuit.com/tax-tools/tax-tips/Self-Employment-Taxes/A-Tax-Filing-Factsheet-for-eBay...




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