How much money can I make on eBay before I have to treat it as income come tax time?

Question

Hi all,

Just wondering what the limitations are on eBay as far as selling and "making a second income" goes. I would like to do this..."under the table"...and not have to worry about reporting my sales to the tax man, etc.

Any info would be greatly appreciated!

Thanks,

Zeke

Answer 1

If you make more than $1, then you probably had better report it. Legally you have to report every cent. The IRS is perfectly well aware of eBay, so they're watching pretty closely. You'll get away with small stuff, but they'll come after you in a heartbeat when you start making "income" level money. eBay is known to work with them on this, too.