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Old 07-24-2013, 12:36 PM   #11
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Re: The EBAY thread

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I am curious about this, too, thanks for bringing it up!
Sorry ladies, I'm not qualified to answer tax questions. I myself wondered this and researched the answer through google, years ago. There was so much confusing/contradictory advice that I realized the best bet was to consult your tax professional (i.e. pay for accurate information).

I do know that if you make more than $20,000 a year in paypal, it gets reported to the IRS. And if you're selling on eBay to a level that would be considered income, you do have to report it. As for what amount of selling constitutes "earning income", I can't really quantify that for you. The IRS obviously doesn't go after people who make a few hundred dollars each season through garage sales, and same would hold true for eBay sellers who just sell stuff they have lying around, but if they can label you as a reseller, you may need to report your earnings.

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Old 07-24-2013, 01:22 PM   #12
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Re: The EBAY thread

Awesome thread. Thank you!
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Old 07-24-2013, 06:41 PM   #13
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Thanks for the info!
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Old 07-24-2013, 06:58 PM   #14
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Re: The EBAY thread

AHA! I found it! I didn't even have to look! That was EXTREME laziness!!

I just have to say how very much I appreciate your How To posts!! I love how you think, you are so thorough and organized! So lucky to *follow*

(Long since subbed to your shipping thread, before it was even a sticky )
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Old 07-24-2013, 07:01 PM   #15
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Following!! DH and I want to clear out the basement and I thought about EBay. Thanks for putting all of this info in one place!
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Old 07-24-2013, 07:01 PM   #16
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Re: The EBAY thread

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Originally Posted by Funky Birdie Boutique View Post
AHA! I found it! I didn't even have to look! That was EXTREME laziness!!

I just have to say how very much I appreciate your How To posts!! I love how you think, you are so thorough and organized! So lucky to *follow*

(Long since subbed to your shipping thread, before it was even a sticky )
Shucks.. I'm blushing. I sometimes am afraid I'm coming off sounding like a know-it-all, which isn't my intent at all.. I just cannot keep money-saving info to myself.

Your wonderful comments make it all worth it!
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Last edited by expaik; 07-24-2013 at 07:09 PM.
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Old 07-24-2013, 07:17 PM   #17
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Re: The EBAY thread

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Originally Posted by expaik View Post
Shucks.. I'm blushing. I sometimes am afraid I'm coming off sounding like a know-it-all, which isn't my intent at all.. I just cannot keep money-saving info to myself.

Your wonderful comments make it all worth it!
I think your posts are AMAZING!! Anything but know-it-all! I really appreciate your approaching these issues that money-conscious mamas deal with. I mean really! We are not all on DS b/s/t'ing dipes because we like to throw our money around!! But there are certain things that come with a stigma of fear-shipping items, selling on eBay-those are literally two of my stumbling blocks I had to overcome/am working to overcome as a WAHM and DS mama. I now feel pretty proficient in the area of shipping (though I still loved your post as a great overall reference), but I still haven't dipped the ole toe in the waters of eBay selling, but I really think you have inspired me!!!

PS Tax issues have always had me too!
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Old 07-24-2013, 07:19 PM   #18
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Originally Posted by expaik View Post

Shucks.. I'm blushing. I sometimes am afraid I'm coming off sounding like a know-it-all, which isn't my intent at all.. I just cannot keep money-saving info to myself.

Your wonderful comments make it all worth it!
Lol! I love your posts. I think you are my girl crush!
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Old 07-24-2013, 07:24 PM   #19
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Lol! I love your posts. I think you are my girl crush!
In a non creepy way.... that looked way creepier than it sounded in my head
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Old 07-24-2013, 07:25 PM   #20
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Re: The EBAY thread

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Originally Posted by TheCoach'sWife View Post
Lol! I love your posts. I think you are my girl crush!
Quote:
Originally Posted by TheCoach'sWife View Post
In a non creepy way.... that looked way creepier than it sounded in my head
I was nothing but flattered! :-) :-)
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