I think this is the one I've used before, but I did also have to pay
someone. Maybe it was a schedule C another year. The one time I did try
to do this myself, it caused nothing but issues. I'll see what happens I
do appreciate you and @mam98031 in g...
Sadly none of the links are very helpful. The way to determine your
value on older items is to look up similar items or just guess the
actual value, says that on the TaxAct link. How does that sound like it
won't get an audit? I don't trust myself to...
For those barely over the $600 threshold, that isn't what was actually
profit. After fees and shipping, the income is hardly anything. If items
being sold are things from years ago-- many have no way to prove to the
IRS that the items sold at a loss....
Since the government delayed this change, will eBay still be submitting
a document to the IRS or will they be updating us soon that they will
not? Because I would prefer to opt out of that. It will make tax time
more complicated on me.
My big concern is that I don't know how to prove I sold items at a loss.
With the way things work on eBay, if I'm honest after fees and packaging
and USPS I'm definitely making losses on pretty much everything I sell.
Including eBay fees. I am not a ...
