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<p>[QUOTE=&quot;-jeffB, post: 1732010, member: 27832&quot;]When I was selling on eBay, it all seemed fairly straightforward -- I declared the amount I received, minus my costs:</p><p><br /></p><p>shipping/insurance</p><p>PayPal fees</p><p>eBay fees</p><p>amount I paid for the item (including sales tax and shipping, if any)</p><p><br /></p><p>It was my understanding that I could claim mileage for taking stuff to the PO, but could not deduct my time. I don&#039;t think I ever actually did deduct for mileage.</p><p><br /></p><p>I did NOT try to go down the path of designating part of my house for business use or anything like that.</p><p><br /></p><p>I&#039;ve not yet been audited, so I have no confirmation whether I was doing everything right. I&#039;m certainly not an accountant or lawyer, so while this may sound like advice, it won&#039;t get you far in court.</p><p><br /></p><p>So, if you&#039;re asking &quot;how should I account for stuff I sell on eBay&quot;, the answer seems to be &quot;the same way you&#039;d account for selling it anywhere else&quot;. If you&#039;re asking &quot;how much can I sell on eBay without declaring it as income&quot;, well, shame on you. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>

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