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<p>[QUOTE=&quot;imrich, post: 1607598, member: 22331&quot;]<b>A &quot;Simple&quot; Answer For A Simple Question</b></p><p><br /></p><p><br /></p><p><br /></p><p><b>You have asked simple questions for a complex process, and I&#039;ll provide simple answers with some complex expansion. </b></p><p><b><br /></b></p><p><b>You have probably received 4 differing complex answers without receiving the simple answer for which you&#039;re searching. I&#039;ll provide same, but expect that it isn&#039;t appreciated.</b></p><p><b><br /></b></p><p><b>You really needn&#039;t prove anything, as I believe your gross eBay sales will probably be reported to the IRS. If you receive a copy of the reporting document, you&#039;ll be responsible for personal taxes on that gross amount. Other sales are reported om a trust basis. WITH SEVERE PENALTIES FOR UNREPORTING. It will not be necessary for you to prove eBay sales as PayPal should be the reporting agency which has complete records of your sales. You can request a PDF copy of the annual PayPal recording document.</b></p><p><b><br /></b></p><p><b>You can &quot;show it&quot; on the Other income line of Form 1040 (line 21 of the 2011 Form 1040).</b></p><p><b><br /></b></p><p><b>You needn&#039;t &quot;log it&quot; unless you are going to assembling your return by the &quot;complex&quot; IRS code.</b></p><p><b><br /></b></p><p><b>You can &quot;submit it&quot; by filing your 2012 tax returns with the appropriate tax payments (state, if applicable, linked to Federal) established by simple programs or schedules.</b></p><p><b><br /></b></p><p><b><br /></b></p><p><b>The IRS &quot;code&quot; allows for a complex return whereby you can &quot;prove it&quot; by showing purchase receipts for individual purchases, multiple item purchases can be prorated. The purchase basis is allowed to be established by purchase records, but the &quot;Face Value&quot; is usually acceptable also.</b></p><p><b><br /></b></p><p><b>You can &quot;log it&quot; in various &quot;spread-sheet/text&quot; programs such as OpenOffice (recommended), Excel, etc..</b></p><p><b><br /></b></p><p><b>You can &quot;show it&quot; as a &quot;Schedule D&quot; format document </b><b>in various &quot;spread-sheet/text&quot; programs such as OpenOffice (recommended), Excel, etc..</b></p><p><b></b><b></b></p><p><b>You can &quot;submit it&quot; in a Schedule C document reported </b><b>on the </b><b>Business income (or loss) </b><b>line of Form 1040 (line 12 of the 2011 Form 1040).</b><b></b></p><p><b><br /></b></p><p><b>Now just submit your 2012 tax returns with the mandated forms and appropriate tax payments </b><b>(state, if applicable, linked to Federal) </b><b>established by simple programs or schedules.</b></p><p><b></b><b></b></p><p><b>I trust you now know the short and long of tax reporting. The decision is now yours. </b>:thumb:[/QUOTE]</p><p><br /></p>

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