topic Sale of items through StockX in Self employed

Sale of items through StockX

Gabrielsgrosso — Tue, 10 Mar 2026 05:44:23 GMT

During the last year I began selling my sneaker collection through 3rd party websites like StockX. Some items were sold for profit over retail price and some at a loss less than the retail price. Since these were items were purchased over a period of years will the sale of the items be looked (and taxed) as income?

Re: Sale of items through StockX

John-H2021 — Wed, 31 Aug 2022 18:55:10 GMT

Hello Gabriel,

The income you receive would need to be reported on your tax return and taxed

There are 2 ways to report the income.

1. If it is a hobby then the income is reported on schedule 1 for the full amount of the 1099 no expenses allowed to be taken

2. If it is a business then it would be reported on a schedule C (self-employed income). You would report the 1099 as income and then deduct the expenses you have against making that income.

Here are a few helpful links

https://turbotax.intuit.com/tax-tips/small-business-taxes/when-the-irs-classifies-your-business-as-a...

https://turbotax.intuit.com/tax-tips/self-employment-taxes/4-tax-tips-for-money-making-hobbies/L89qz...

https://turbotax.intuit.com/tax-tips/self-employment-taxes/beginners-tax-guide-for-the-self-employed...

Re: Sale of items through StockX

Gabrielsgrosso — Wed, 31 Aug 2022 18:59:57 GMT

Thank you for your response. One last question, would the original purchase price of the items be considered an “expense” under option 2?