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<p>[QUOTE="Danr, post: 633617, member: 3715"]You only need a tax number for local taxes which do not apply on Ebay. If you make a profit balance it out by selling something at a loss (something that you just want to get rid of) so it equals out. If you make a profit without balancing it out you have to pay income tax (capital gains), but you do not need a a license for that. As for returns it depends on your description of the item. If you describe it honestly they will know what they are getting.</p><p><br /></p><p>That being said I am not a tax pro so seek pro advice to be safe[/QUOTE]</p><p><br /></p>
[QUOTE="Danr, post: 633617, member: 3715"]You only need a tax number for local taxes which do not apply on Ebay. If you make a profit balance it out by selling something at a loss (something that you just want to get rid of) so it equals out. If you make a profit without balancing it out you have to pay income tax (capital gains), but you do not need a a license for that. As for returns it depends on your description of the item. If you describe it honestly they will know what they are getting. That being said I am not a tax pro so seek pro advice to be safe[/QUOTE]
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