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Do I pay taxes on things I sell on ebay?


Do I pay taxes on things I sell on ebay?

Post Renz1088 25/10/2007 03:16

Hey. I was wondering whether or not I have to pay taxes at the end of the year on all the things I sell on ebay? I'm not talking about sales tax, just regular income taxes that you file at the end of the year. Thanks
Renz1088
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Post Berk LLC 25/10/2007 03:39

If you make a profit from the items, you need to pay federal and state income taxes. You will also have to pay fico and social security taxes as well on the profits.
Berk LLC
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