Do I pay taxes on things I sell on ebay?

Free Member
renz1088
Posts: 11
Joined: 04 Aug 07
Karma: 
25 Oct 07 03:16:24 am
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

Full Member
berk-llc
Posts: 252
Joined: 31 May 06
Karma: 
25 Oct 07 03:39:35 am
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.

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