Home > selling on ebay > I started selling on EBaY and have made about $1500 in less than a month. How do i report this income?

I started selling on EBaY and have made about $1500 in less than a month. How do i report this income?

January 13th, 2013 Leave a comment Go to comments

I am sure that i am going to keep selling on EBaY so therefore i am also sure that i will make more money. How do i report this income at the end of the year? and the deductions for certain purchases? is there a form to help me with all of this?

If you are buying items for resale and are being successful at it, then you file a 1040 schedule C and a schedule SE.

Look at the forms–you need detailed records to show your cost of goods sold, money spent on postage, listing fees, paypal fees, etc.

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  1. v b
    January 13th, 2013 at 07:19 | #1
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    If you are buying items for resale and are being successful at it, then you file a 1040 schedule C and a schedule SE.

    Look at the forms–you need detailed records to show your cost of goods sold, money spent on postage, listing fees, paypal fees, etc.
    References :

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