Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

cancel
Showing results for 
Search instead for 
Did you mean: 

Regulations on ebay income of personal items?

Due to financial issues I started selling personal and family items. All given to me from family members, I have purchased nothing for resale. Is this considered  income? Since we already paid for the items, including taxes at original purchase.

I would really like to know how to handle this. Unlike other retailers they write off the cost of the items.

Is there anything I should know that will be helpful for my taxes?

Thanks

Margo

1 Reply

Regulations on ebay income of personal items?

There's no need to include that income on your tax return. You weren't operating a business and expecting a profit.