Think you can't score a deal at TJMaxx?

[spence]

Originally Posted by fishsmith

gotta love the shipping price for ties.

Not bad Spence, that is close to free money.


Question:
When you sell on ebay, do you have to claim the sale on your taxes?

The shipping is about actual, Priority + insurance.

I'd wager there's a huge amount of tax revenue lost on Ebay sales not reported to the government. I do it so infrequently it's not even on the radar, but I'd wager there are thousands of people who do run it as a small business.

-spence

[Mike P]

Theoretically, if you sell an item for more than you paid for it, it's a capital gain.

But I think the IRS has bigger fish to fry.