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Selling without a receipt
Can I sell items I own without a receipt?
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Discussions in this board are limited to the original poster and Community Mentors
Can I sell items I own without a receipt?
shipscript
·2 years ago@chashe_3453
There are two issues here.
1) If you are selling brand new items and you are in the vicinity of a "smash and grab" burglary, eBay may ask you for receipts at the request of the merchant who was burglarized.
2) If you are selling your own items, eBay does not care about receipts. However, when reporting income to the IRS, it is normal to deduct purchase costs from gross receipts to determine the lower taxable profit. Without those receipts, or some other reasonable evidence, the IRS may tax the gross selling price instead of deducting the cost of purchase.