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Level 1

Selling on Mercari

Hi!  I made more than $600 by selling things from around my house.  How does this impact my taxes?  

1 Reply
Employee Tax Expert

Selling on Mercari

You would need to report the income on your tax return and pay the tax on it.

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). Yu would report the 1099 as income and then deduct the expenses you have against making that income.


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