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jcmechem
New Member

I buy items at garage sales and Craigslist to sell on Ebay, but I dont get receipts. How do I deduct the cost of what i purchase without proof?

 
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1 Reply
pk
Level 15
Level 15

I buy items at garage sales and Craigslist to sell on Ebay, but I dont get receipts. How do I deduct the cost of what i purchase without proof?

there is nothing that prevents you from claiming the expenses except  if you get audited -- I would claim but would have notes, check stubs, bank statements to show what I spent on each item and what I sold it for.  As long you have an honest/best effort, there is no crime in claimimg some expense -- the tax system operates on honesty of the taxpayer

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