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Question on how to figure taxable income

On the monthly eBay statements, it shows 'Payouts', 'Shipping Labels' and 'Refunds'. Would I subtract the shipping labels and refunds from the payouts figure to arrive at net taxable income?

User avatar by Thrill-Seeker
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  • 11 replies
  • 0 helpful

I need help! How do I get buyers to stop low balling?!

I've been selling on eBay for a few months now. I have only sold close to 30 items so far with 100% positive feedback. It would be more if I'd took lower offers. When I do I never make any money out of the deal! I sale high quality rare items, well s...

Help Canceling An Order - Is It Too Late?

After a confusing interaction with a buyer of one of my recently sold listings, I opted to send them a full refund on the item instead of selling. My mistake is that I forgot to cancel the order before sending the refund; eBay doesn't allow cancellat...

Should i ship a $1000 item to a weird adress?

Someone purchased from me a $1000 + item . I checked the adress and its the postal service building from a city in Michigan. No po box just a "unit #485"Is that correct? How can they have a unit inside the postal service building. I asked the buyer a...

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