Declare ebay sales as income?

**pamy** · 02-15-2005, 08:22 AM

To those of you who sell on ebay, how do you declare the income? or do you? I haven't listed anything yet but I have some items I would like to sell and wondered about the tax situation.

Thanks in advance,
Patti

**mommy2many** · 02-15-2005, 08:48 AM

I was told by my tax person that as long as i didn't make more money off the items than i paid for them then I didn't need to claim the income. Say you paid $40 for a shirt then after wearing it for a few times you decided to sell it on eBay and got $9 for it you acutally lost $31. But I don't know if this is "right" just what I have been going by.

**many houseapes** · 03-01-2005, 10:38 PM

i plan to start selling on ebay too. my tax preparer also does this as well for income. she said that the safest way to file your taxes would be quarterly.

**Mommy2five** · 03-02-2005, 02:31 AM

I use to sell alot on ebay and never claimed it!?!?!

**KKCondrey** · 03-02-2005, 09:28 AM

We've never claimed anything that we sold on there. I don't know of anyone that does.

**many houseapes** · 03-02-2005, 10:01 AM

i know of people who don't. i believe that you can make $400 a yr before you actually have to report it. just to be safe, i'd rather talk to someone who knows about taxes...it would just be my dumb luck that i would get in trouble for not filing.