Should Ebay Sales Be Taxed
I am currently selling off many old items that we have own for years. I will definitely got above the $600 threshold for a 1099-K form. However I am using this as more of an online garage sale as of right now. None of the items I am selling were bought to make a profit on. Would I need to pay quarterly/yearly taxes on the sales? One caveat is that in the future, not this year most likely, I intend on reselling items. However that is not what I am doing now.
This Question Has Not Yet Been Answered.
