Selling for others

[silverliningmom]

Hi,

I asked this question last week and I can't find the answers I was given, so I'll ask again..... My daughter inherited some items and asked me to sell them for her with a 60-40 split, the 60 being hers. I don't know why I can't figure it out, but my head spins when I think about it. If an item sells for $10, and if the $10 is my income and $6 is her portion,   also being my COGS , then do I come up with a loss on every item since i only have $4 left? Thank you

[r_lresale]

Yes because of selling fees that “$4” will be practically nothing. Fees are calculating based on price of item+shipping+taxes+.30 fvf and any extras like promoted listings if applicable. Most categories are 12.9% but others could be more or less. Also be aware that selling on your account would make you solely liable for IRS reporting and tax liability (if there is any).

[mistyelectronics]

If you choose 60/40 thats a good ration, BUT, it should be after expenses.  In others words, you sell the item. You subtract the ebay fees and shipping cost, and then what's left you split 60/40

It won't work out on small dollar items, so you if you have a lot of them you may want to consider selling items in lots.

[silverliningmom]

Thank You!