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E-bay - 6G Celicas Forums

Topic #38804 5 posts Started by dustin15brown
Hey everyone. Does anyone know the rules and regulations of selling stuff on ebay? I mean how much am I allowed to sell before I have to file the taxes for it? I mean how do go about it? I do not wanna run into legal trouble at the age of 18. Thanks everyone. Also if there is information you would rather me pm instead that is also fine.
ebay is very much unregulated, like a giant garage sale. technically, if you make more than 600 dollars profit in one transaction, i think you are supposed to file a 1099 form. In any case you can choose to state the income or not for the government, but if you are just making a few hundred i wouldnt worry about it.
hey Dustin I sell alot of stuff on Ebay. I dont make too much but I make enough to have some extra cash in my paypal account. I used to sell sports autographs on ebay and I was bringing in some pretty good cash every week(500+). I havent gotten into any trouble or anything like that. I think that if you dont make thousands of dollars yearly then you should be okay.
BUMP!

My boss wants me to setup an ebay thing for him... people bring stuff to our store.. we sell and keep a % of the profit. I get %80 of what he gets. Its tempting.. But im worried about legal stuff too hehe