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Taxes
Gotta shut my account down reached 600 bucks in sales after that the government gets it all good luck sellers eBay is weak and taking 30% of your sales
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comics-scifi-collectibles
Mentor3 years ago@twtwa_7mxnjnu You only pay income taxes on the PROFITS so you subtract the shipping, eBay fees and other selling costs such as packing materials that you have the receipts for and the cost of the item.
eBay is required by law to issue the 1099k once your gross sales are $600.
None of eBay categories have a 30% selling fee. The fees are 13.25 % to 15%
Fees:
https://www.ebay.com/help/selling/fees-credits-invoices/selling-fees?id=4822&st=12&pos=1&query=Selling%20fees&intent=selling%20fees&context=DEFAULT_SELLER&docId=HELP1456
If you wish to shut down then you need to end you active listings.
END listings:
https://www.ebay.com/help/selling/listings/creating-managing-listings/ending-listing?id=4146&st=12&pos=1&query=Ending%20a%20listing&intent=end%20listing&context=DEFAULT_SELLER&docId=HELP1027