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Great question!

Posted By: Jim Wilson
Date: Friday, 30 August 2002, at 12:14 a.m.

In Response To: My first post and I'm already asking questions! ;) (Elizabeth Morrow)

I would venture that your best bet would be to contact a tax consultant on that one. I could make educated guesses based on my own experience but it would not be from an "expert" in taxes.

Since this will eventually deal with the IRS it's best to get the advice from someone who is a "true expert". If it's someone who does your taxes chances are they won't charge you.

I can tell you this much. I pay taxes on my sales as income. If you are going to sell on eBay as more than just a hobby and treat it like a business, that's what I was told by my accountant to do.

Sorry I am not able to assist more on this one. But it is an AWESOME question...

Take care,
Jim

Messages In This Thread

My first post and I'm already asking questions! ;)
Elizabeth Morrow -- Thursday, 29 August 2002, at 3:36 p.m.

Great question!
Jim Wilson -- Friday, 30 August 2002, at 12:14 a.m.

Re: My first post and I'm already asking questions
Mel. White -- Friday, 30 August 2002, at 1:07 a.m.

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