turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

jonnienottingham
Returning Member

Selling items online (through Facebook) to downsize.

I am retired and am downsizing.  I have many items that I'd like to sell to clear out my space.  There is a Facebook group set up specifically for buying and selling these items.  The payments are typically made through PayPal and will be sold for considerably less than I paid for them.  Will have I to pay taxes on this?  Would I have to pay taxes if I sold them on eBay?

 

 

Thanks!

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply

Selling items online (through Facebook) to downsize.

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question