2006-09-07 09:12:10 · 8 answers · asked by jojo 1 in Business & Finance ➔ Taxes ➔ United States
only if you make a profit on what you sell..if you sell a blouse for $10 that you paid $40 for there is no gain..if you sell a baseball that cost you $10 and you sell it for $100 you owe tax on the gain minus expenses
2006-09-07 09:49:57 · answer #1 · answered by Billie 5 · 0⤊ 0⤋
You are supposed to claim all your income, no matter how you make it, even if it is a garage sale. However, I doubt anyone will trace it, unless you are making your living off of only ebay. Or someone claims their purchase from you as an expense.
2006-09-07 16:18:20 · answer #2 · answered by sassy_91 4 · 0⤊ 0⤋
Only if you have an actual ebay store or business and you make over a certain amount.
2006-09-07 16:17:21 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Yes any money earned over $600.00 you have to pay tax on.
2006-09-07 22:57:02 · answer #4 · answered by linluv2001 2 · 1⤊ 0⤋
Nope...just don't tell anyone that you're making money on the side. It will be our little secret.
2006-09-07 16:17:16 · answer #5 · answered by young108west 5 · 0⤊ 0⤋
Yes, if you tell the IRS.
2006-09-07 16:17:20 · answer #6 · answered by The Man 4 · 0⤊ 0⤋
It's income, isn't it. Yep.
2006-09-07 16:17:06 · answer #7 · answered by jessiekatsopolous 4 · 0⤊ 0⤋
you stole my name
2006-09-07 17:19:48 · answer #8 · answered by jojo 6 · 0⤊ 0⤋