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Returning Member
posted Aug 31, 2022 2:39:27 PM

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!

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1 Replies
Level 15
Aug 31, 2022 3:47:57 PM