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Reply to "1099 from ebay but shipping costs where included"
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[quote=Anonymous]Good question, OP. I do not sell on eBay as a business. However, this year I sold a bunch of stuff that I purchased years ago at retail price that my teens no longer want (mostly AG doll clothes and Halloween costumes). The eBay selling price was significantly less than retail so I didn't profit. Should I still be paying tax on the eBay sales or should I try to estimate the original prices and use that as my cost basis?[/quote]
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