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In Reply to: Here's the problem posted by vinyl phanatic on July 10, 2017 at 13:43:15:
I understood that proceeds from the sale of personal items is technically income, but generally goes undeclared and untaxed. You are "supposed" to include it on your tax return. Ebay/Paypal were asked by the IRS to report all sellers who had proceeds of $10k or more per year. Your point regarding an agent or service is well taken, but Ebay is a platform for facilitating person to person transactions and not an agent working to effect the sale.
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Follow Ups
- Are you sure about tax treatment ? - Ross 19:42:58 07/10/17 (4)
- RE: Are you sure about tax treatment ? - vinyl1 20:04:47 07/10/17 (3)
- RE: Are you sure about tax treatment ? - mr.bear 01:17:32 07/11/17 (2)
- RE: Are you sure about tax treatment ? - dave slagle 05:26:21 07/11/17 (1)
- Re: Thanks! nt - mr.bear 11:58:47 07/15/17 (0)