02-13-2023 04:51 PM
Please check out this article for help. True ebay stores should have taxes but not if you're selling like you would at a garage sale. Or if you buy and resell for under $600 a year which is what I do.
https://www.1040.com/blog/2019/7/12/selling-stuff-online-taxes-for-etsy-ebay-letgo-and-more/
02-13-2023 05:25 PM - edited 02-13-2023 05:29 PM
Without reading that blog; I can tell you this (a 'blog' is nothing but someone's opinion, which in this case, doesn't matter for beans)
The IRS or State has NO IDEA if you are 'operating' as a business, and they don't care. So, anything over $XX gets reported and it's up to YOU, the recipient of that money, to 'explain' yourself (write offs etc.)
02-13-2023 05:30 PM
You still have to claim the income.
If you have to pay taxes on it or not depends on if you made a profit or not.