Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Showing results for 
Search instead for 
Did you mean: 
Level 2

sold at a loss.

95% of everything I sell on eBay & Mercari is at a loss. None of it is "Profit"... I sell for someone else who just wants to get rid of the items she has collected over the years. She does not have receipts. How do I handle this? Do I have to list everything I sold at a loss?

1 Reply
Level 15

sold at a loss.

Since your “business “ is not designed to make a profit  it is considered a hobby. You can’t deduct any expenses but must report your income. 

Privacy Settings