Message:

<p>[QUOTE=&quot;BigTee44, post: 1731390, member: 41883&quot;]Alright, so here&#039;s my question, if I were to inherit a bunch of gold and silver items from a family member and wanted to sell it on eBay, how much can I sell before taxes need to be claimed? If I were to sell an item for $1,000 and the fees came out to $200(eBay and PayPal) would I have to claim $800 profit or would it be the entire $1,000? Do I get to claim a wage for my personal time spent or do thy not care about that? Obviously I can claim the shipping costs and what not, but what other things that go along with selling can I use to help lower the amount of taxes I need to pay? </p><p><br /></p><p>What type of percentage is required for those of you who sell large amount of items on eBay? 10%, 25%?</p><p><br /></p><p>state taxes now too?!</p><p>&nbsp;</p><p>&nbsp;I see that it says if you sell more than 200 items or $20,000 you&#039;ll be issued a 1099, yet I&#039;ve been selling for many years and have never had a 1099 although I&#039;ve never been close to $20,000 in a year. </p><p><br /></p><p>If I had someone with a large eBay store sell them for me, who would be required to pay taxes on the items? Would we both get hit with the taxes? </p><p><br /></p><p>I&#039;m just trying to see if selling on eBay will end up being more costly with the taxes and fees as opposed to selling the items locally.&nbsp; </p><p><br /></p><p>Any information would be greatly appreciated. If you don&#039;t wish to post in this thread, feel free to PM me.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in