2860707
You'll need to sign in or create an account to connect with an expert.
you probably have no profit but even if you did such sales are not income.
It doesn't help you.
Q. I sold on eBay and have kids and was thinking this would count towards the child tax credit/earned income? A. That's possible but highly unlikely.
The selling activity would have to qualify as a business (self employment) to be earned income. The mere selling of your used household items is not business and almost never results in a profit. The sales price of the item you sell is not the income, it's the profit you make on the sale.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
VAer
Level 4
tompatty66
New Member
11486
Level 2
kiran_nel
Returning Member
Stanusapien
New Member