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If the IRS thinks I’m running a business on ebay then I can show them that my purchases exceed my sales...can I deduct the difference as a business loss?
Paypal did request my SS last yearNo one has mentioned the requirement to get your social security number and the tax implications. I'm sure all sellers are following all the income tax rules with their ebay activity...
I have never sold on Reverb but have had great experience buying there. Hopefully it goes well for you, should you go that route!I have a feeling there was an anti-trust concern. eBay sold off paypal in 2015, but it stayed as integrated from pov of the buyer until recently, it seems. I've not tried selling anything on eBay yet.
I used to sell a few bits on ebay. Became more reluctant to do so when they moved from charging for the auction to gouging the final price. If it's as much hassle as it sounds now, it's not really worth it for me as somebody not in business. Course, I'm conforming to exactly what their aim has been for a number of years now in quitting selling on there, but I'm also buying much less on Ebay since it changed. It's often as cheap or cheaper to buy from Amazon. eBay did need to protect the buyer better, but always siding with the customer isn't so great if you're not a business selling high volumes of low-value units... I have a couple of grands' worth of guitars and amps to sell from my collection, stuff I've outgrown and it's time to move on so I can replace it with something else I like. I think I'm going to go with Reverb for that rather than eBay.
I have never sold on Reverb but have had great experience buying there. Hopefully it goes well for you, should you go that route!
Hihas anybody completed a full transction as seller on ebay these days, after their new "managed payment" policy and the option to bypass paypal? i (had to) sign up and although i left paypal as one option, my just sold item was paid though i don't see the money anywhere. I think it's still in "processing" but ebay is already asking me to ship, i normally wouldn't ship until i know the money is there.
I’m a careful person with my confidential and financial information, but I also remember sending and receiving postal money orders for eBay purchases and sales. Progress usually comes with costs along with benefits.
I do like the new system and it seems to work without issue for me so far. I’m a small-time seller and it’s been painless for me. Yes, it’s always a concern when you giving anyone account numbers, dates of birth, or SSNs, but this is where the world is. I personally like how eBay is currently working, I like it better than how it was a year ago. Now if only there were more vintage hats for sale in my size.
Paypal is was my slush fund for jackets and the occasional hat or cowboy boots, what the wife does not see I do no need to explain. With eBay's new through the bank pay put system she sees everything I am doing.
I completely relate and resemble this commentPaypal is was my slush fund for jackets and the occasional hat or cowboy boots, what the wife does not see I do no need to explain. With eBay's new through the bank pay put system she sees everything I am doing.