eBay

rdd2658 · ‎12-21-2021

Looks like the small seller on ebay is now going to have that last nail in the coffin to stop selling on ebay. It used to be a great place to make some extra money, but I have been finally priced out. Overhead like, cost of item, fees, and the ultra high USPS postage changes over the last few years (price by area of the country, and the biggest scam of Christmas surcharge that starts OCT 1st of each year now, retired mailman here, NEVER have I delivered xmas mail in Oct or Nov!), makes a profit margin of only 10% not worth it,,,,even more so only to be taxed over 600.00 grass sales. zero money to be had anymore. Yes, just increase your price, most would say,,,,well after 22 years on ebay I know what prices people are willing to pay,,,,,an increased price is not part of the fix....

mypalrocco · ‎09-04-2022

You do realize that the old tax law already applied to people who had "100 sales a month for the last three months," right?

dot341 · ‎10-05-2022

Certainly can do without your sympathy. I file taxes. I happen to think they get enough from me already. You go ahead and give them everything they ask for. i for one am going to make them earn it. Ebay income is not enough to

cause all this **bleep** over. They want to turn every single dollar we may get into revenue to fund everything that is wrong with this country. That doesn't help any of us. It never will. Yo keep your sympathy to yourself. I don't need it nor do I want it.

vicsfloridagarage · ‎11-26-2022

So many here are talking about tax "evaders." If I buy something broken at a yard sale, fix it and sell it for a small profit, the paperwork will be a major pain. Now, I have to get a receipt for the yard sale item. If I do sell it at a profit, what about fairness to me? It will cost me the parts for the repair and the time. I don't mind paying taxes and I pay my fair share but this amount of record keeping for something I bought for 5 dollars and sold for 25 seems a bit much. Will I be able to deduct the gas also when I go to the yard sale? What about buying an entire collection of items for one price and refurbishing and repairing them and selling each at a profit? How do I fairly account for the cost of each item? How do I pay what's fair to me as well as the IRS? This is pretty much a hobby but I've been doing it more since I've retired and need to clean out my collections. The IRS is focusing on the little guy and Amazon doesn't pay anything in taxes. Unfortunate.

nobody*s_perfect · ‎11-26-2022

Yes, you can deduct either the gas that you used OR a flat mileage rate which is currently over 50 cents per mile so it works out better for most self-employed. Just keep a little notebook in the car and note the start and end odometer reading for each yard sale excursion. You can also deduct other out-of-pocket expenses such as parts that you purchased for repairs.

Congress, not the IRS, approved the new $600 threshold that makes this so much more difficult for the "little guy." I can't help wondering whether the IRS staff are just as dismayed over it as eBay sellers are.

kh-gary · ‎11-26-2022

Hi everyone,

Due to the age of this thread, it has been closed to further replies. Please feel free to start a new thread HERE if you wish to continue to discuss this topic.

Thank you for understanding.