Do You Pay Taxes On What You Sell On Ebay

[mish3v]

I have never paid any extra taxes on Ebay. I don't think they keep a record for personal use either

[KellyONeil]

Lissy! LOL . . . I had the same trouble when I first started ebay.... it is definitely not fun to watch a no bid auction end! Good luck!

[eford78]

I dont too as I dont use ebay as a business I use it for personal use.

[Xanthia Alysha]

If you're selling on ebay as a business, then yes, it's like any other business and you're report your income and expenses on Schedule C. The percent would depend on any other income you have - the profit would add to your other income and be taxed at whatever your rate is.

If you're just selling a few personal items, you're probably not making a profit on them. You wouldn't have to report it in that case.

[insidetradellc]

If you are making over 10k per year in revenue, then yes its worth doing the taxes. Either way, you should never avoid tax obligation, especially if your earning large figures.