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Easy. File Schedule C Business Income & Loss

The eBay earnings plus any earnings you made on your own without eBay would be the income, then deduct amid the various categories on the Schedule such as Automotive, Cost of Goods Sold, etc. Your Business Activity would be "Internet Auctions." Be wary of "Office Expenses" deduction as it is essentially a trap unless you invite the public into your office (or home) to conduct sales.

I have been doing this for years without problem.

Messages In This Thread

Question for tax experts or large EBay Sellers ???
Re: Question for tax experts or large EBay Sellers
Easy. File Schedule C Business Income & Loss
Thanks for the input Everett and Senior Freedner
You may want to try the Standard Deduction also
Re: Thanks for the input Everett and Senior Freedn
Doug - get Turbo Tax Small Business Program.
Thanks Jerry !!!
Thanks Jim !!!
Re: Question for tax experts or large EBay Sellers
that's good advice
Thanks William !!!!

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