Does anyone here sell or shop on ebay?

[Anonymous]

Anonymous wrote:I made ablu $4000 on eBay last year.

Unfortunately, now come the taxes…

Nope! It's either 200 sales or you made $20,000

[Anonymous]

Anonymous wrote:

Anonymous wrote:I sold my Dyson hairdryer for close to what I bought it for on eBay recently, and was shocked at how much higher the seller fees were than what they used to be!

Right? It's hardly worth the effort. If you sell over $700 annually, you have to fill out federal tax forms. That pushed me over the edge - so not worth it.

You pay nothing more unless you net $20,000 or more or have over 200 transactions. With $700 that's not 200 transactions!

[Anonymous]

Not really. I have most things I need. Anything I'd like to buy is not on ebay but in anitque online stores abroad.
I know much easier and faster way to make money online.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I sold my Dyson hairdryer for close to what I bought it for on eBay recently, and was shocked at how much higher the seller fees were than what they used to be!

Right? It's hardly worth the effort. If you sell over $700 annually, you have to fill out federal tax forms. That pushed me over the edge - so not worth it.

You pay nothing more unless you net $20,000 or more or have over 200 transactions. With $700 that's not 200 transactions!

It’s different if you sell collectibles, which I did. They are taxed as long-term capital gains.

[Anonymous]

I bought my son a Lebron jersey there this Christmas.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I sold my Dyson hairdryer for close to what I bought it for on eBay recently, and was shocked at how much higher the seller fees were than what they used to be!

Right? It's hardly worth the effort. If you sell over $700 annually, you have to fill out federal tax forms. That pushed me over the edge - so not worth it.

You pay nothing more unless you net $20,000 or more or have over 200 transactions. With $700 that's not 200 transactions!

Is this the new law? The law changed couple of years ago to $700 limit, unless they've switched back to the original amounts you mention.

[Anonymous]

I've purchased some lovely antique nativities on ebay and etsy

[Anonymous]

Anonymous wrote:

Anonymous wrote:I sold my Dyson hairdryer for close to what I bought it for on eBay recently, and was shocked at how much higher the seller fees were than what they used to be!

Right? It's hardly worth the effort. If you sell over $700 annually, you have to fill out federal tax forms. That pushed me over the edge - so not worth it.

But if we’re selling things around the house for less than we paid for it, how does that work. This should just apply to businesses and resellers. That’s what was good about eBay - everyone’s old and unused things, not the mass discounters.

[Anonymous]

I used to sell odd and ends around my house about 20 years ago. Probably made about $500 total. Shipping was a lot less back then. It was also more regular people selling stuff. It’s more of a business now and mostly resellers. I buy new make up once in a while. It’s much cheaper that buying in a department store. I also started shopping on Mercari and Temu.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I sold my Dyson hairdryer for close to what I bought it for on eBay recently, and was shocked at how much higher the seller fees were than what they used to be!

Right? It's hardly worth the effort. If you sell over $700 annually, you have to fill out federal tax forms. That pushed me over the edge - so not worth it.

But if we’re selling things around the house for less than we paid for it, how does that work. This should just apply to businesses and resellers. That’s what was good about eBay - everyone’s old and unused things, not the mass discounters.

My DH sells collectibles. He has no record of what he paid for them years ago, so we don't try to sort out what is profit/loss: we just let it be taxed as regular income.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I recently started using eBay again (break since 2006), to buy the missing pieces of my China set.

It really comes in handy for situations like this!

Yes. Over 40 years ago, my husband's grandma started a yearly Christmas tradition of buying him a Hallmark Frosty Friends ornament. There were a couple of early 1980s pieces that were missing from his collection but I was able to find them on eBay. American Girl stuff is also popular to buy and sell. My daughter no longer plays with her American Girl stuff so we will likely auction it off on eBay at some point. Collectors are willing to pay!

I've also used eBay to sell some outgrown kids' clothing. Brands like Hanna Andersson, Tea Collection, Boden, Lilly Pulitzer, and the like are always sought after. You can get new or barely worn things for a lot less than retail, and when it's time to sell them, you can get a lot more than you would at a garage sale or consignment store.

I have gotten rid of a lot of unused but perfectly good condition things on ebay. And many outgrown kids things too. Craigslist is pretty food for this stuff too.

[Anonymous]

Anonymous wrote:Not really. I have most things I need. Anything I'd like to buy is not on ebay but in anitque online stores abroad.
I know much easier and faster way to make money online.

How?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I sold my Dyson hairdryer for close to what I bought it for on eBay recently, and was shocked at how much higher the seller fees were than what they used to be!

Right? It's hardly worth the effort. If you sell over $700 annually, you have to fill out federal tax forms. That pushed me over the edge - so not worth it.

You pay nothing more unless you net $20,000 or more or have over 200 transactions. With $700 that's not 200 transactions!

Is this the new law? The law changed couple of years ago to $700 limit, unless they've switched back to the original amounts you mention.

Yes its back everyone was expected high fees from 2023 but its back to the way it was.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Not really. I have most things I need. Anything I'd like to buy is not on ebay but in anitque online stores abroad.
I know much easier and faster way to make money online.

How?

Only fans

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I sold my Dyson hairdryer for close to what I bought it for on eBay recently, and was shocked at how much higher the seller fees were than what they used to be!

Right? It's hardly worth the effort. If you sell over $700 annually, you have to fill out federal tax forms. That pushed me over the edge - so not worth it.

You pay nothing more unless you net $20,000 or more or have over 200 transactions. With $700 that's not 200 transactions!

Is this the new law? The law changed couple of years ago to $700 limit, unless they've switched back to the original amounts you mention.

Keep ebaying! Also you can see how many transactions as you go so you can STOP at 199.

Here you go:

https://www.ebay.com/sellercenter/resources/changes-to-ebay-and-your-1099-k