topic Yes I did in After you file

Can I claim items I sold on my taxes?

marks102629 — Thu, 06 Jun 2019 10:42:59 GMT

Please elaborate. Is this your business?

SweetieJean — Thu, 06 Jun 2019 10:43:00 GMT

Please elaborate. Is this your business?

No they were personal items that I sold

marks102629 — Thu, 06 Jun 2019 10:43:01 GMT

No they were personal items that I sold

Did you make a profit on them?

SweetieJean — Thu, 06 Jun 2019 10:43:03 GMT

Did you make a profit on them?

Yes I did

marks102629 — Thu, 06 Jun 2019 10:43:04 GMT

Yes I did

Personal items are taxable if you sold them for more than...

Opus 17 — Thu, 06 Jun 2019 10:43:06 GMT

Personal items are taxable if you sold them for more than you paid for them. The taxable amount is the difference (the gain).

If you do this as a job (eBay, etc.) then you will need a schedule C for self-employment.

If you do it occasionally, you can report the amounts as capital gains under "income from sales of stocks and other assets." You will need to know the purchase date, purchase price, selling date and selling price.