Question about ebay and taxes

[NickyBlueEyes]

I believe I sold over $600 on eBay last year. $600 is the magic number, right? Lol.
Where on ebay can I find out how much I sold?

 

[Jeff_G]

Magic number? You would pay income tax on any profit you had from selling on ebay. Did you sell anything for more then your paid for it? Did you intend to make a profit? If so you are operating a business and need to fill out the schedule C.

If you are talking about the 1099K you wont receive one of those unless you fall into the following:

More than $20,000 in unadjusted gross sales, and
More than 200 transactions.

However even if you don't receive a 1099k the IRS expects you to report ALL income.

 

[timmac]

Echoing the above just a bit. Assuming everything you sold on eBay was "at a loss", meaning less than you paid for it (think garage sale), then it's not relevant for tax purposes. If you're not sure if you sold $600 worth of stuff or not, then I'm willing to guess it's because you're in exactly that category.