What kind of tax deductions can I get for selling items on eBay?

I have been selling items that I own (that are laying around the house) on eBay. I have also made bulk purchases that I intend to resell. I am curious...


I have been selling items that I own (that are laying around the house) on eBay. I have also made bulk purchases that I intend to resell. I am curious as to what kind of tax deductions I can use on my taxes next year.

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Posted in Tax Deductions Q & A

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One Response to “What kind of tax deductions can I get for selling items on eBay?”

  1. jen says:
    February 15, 2010 at 5:19 pm

    If you have a place in your home that you do only that you can deduct a home office. Your Internet, computer, phone,paper,ink,packing materials,miles to get the product,to ship the product,ect. ANY THING THAT YOU HAVE OR DO TO RUN THE BUSINESS IS A DEDUCTION. AS LONG AS IT IS ORDINARY AND NECESSARY FOR THAT KIND OF BUSINESS.

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