Now I made 2000 in sales and profit of 800, how do I aviod self employment estimate taxes if I make even more next year? I dont want to pay taxes every quarter. So if anybody can give me a complete detail answer on ebay taxes, you will get best answer.

public auction

Also is that before or after shipping expences, eBay fees, PayPal fees & other expences deducted? Thanks!

vehicle auctions

I actually already filed completely ignoring my ebay income but just for next year or an audit or whatever. How much do I have to make to have to file? Do I simply file as self employed? Is there any way I can create a yearly invoice from ebay or my purchases? Mostly I buy at yard sales and resell so how can I count that? Sorry this is so fragmented but thanks for the advice.

auction

I sale a small portion of used house hold stuff on ebay from time to time. Am I suppose to claim this on my taxes.

online auctions

I’m thinking about turning my online selling into a business, and I’m trying to get a feel for the tax-related pros and cons of making it official.

Here are 2 questions:
(1) I understand that I can write off business expenses on my tax returns. That includes computer equipment, trips overseas to purchase merchandise, etc. But I’ve never itemized my tax return before. Would I get more money back if I start a business, and then itemize my deductions rather than just taking the default deduction like I always do?

(2) If I make my online selling into an official business, will I have to pay extra business-related taxes?

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