 E-bay |
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 Jun 30, 2006 - 10:41 AM
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 Enthusiast  Joined Aug 17, '03 From Bloomington, Indiana Currently Offline Reputation: 62 (98%)  |
Hey everyone. Does anyone know the rules and regulations of selling stuff on ebay? I mean how much am I allowed to sell before I have to file the taxes for it? I mean how do go about it? I do not wanna run into legal trouble at the age of 18. Thanks everyone. Also if there is information you would rather me pm instead that is also fine.
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Jun 30, 2006 - 5:04 PM
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 Enthusiast Joined Jul 19, '04 From Los Angeles, CA Currently Offline Reputation: 2 (100%) |
ebay is very much unregulated, like a giant garage sale. technically, if you make more than 600 dollars profit in one transaction, i think you are supposed to file a 1099 form. In any case you can choose to state the income or not for the government, but if you are just making a few hundred i wouldnt worry about it.
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Jul 2, 2006 - 9:43 PM
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Enthusiast Joined Aug 17, '03 From Bloomington, Indiana Currently Offline Reputation: 62 (98%) |
bump
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Jul 2, 2006 - 10:20 PM
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 Enthusiast Joined Mar 6, '06 From massachusetts Currently Offline Reputation: 30 (97%) |
hey Dustin I sell alot of stuff on Ebay. I dont make too much but I make enough to have some extra cash in my paypal account. I used to sell sports autographs on ebay and I was bringing in some pretty good cash every week(500+). I havent gotten into any trouble or anything like that. I think that if you dont make thousands of dollars yearly then you should be okay.
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Jul 12, 2006 - 4:30 PM
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 Enthusiast Joined Jun 14, '05 Currently Offline Reputation: 1 (100%) |
BUMP!
My boss wants me to setup an ebay thing for him... people bring stuff to our store.. we sell and keep a % of the profit. I get %80 of what he gets. Its tempting.. But im worried about legal stuff too hehe |
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