FYI E-Bay Selling
Thread Starter
Burning Brakes
Joined: Nov 2014
Posts: 920
Likes: 190
From: Stoneham, MA
FYI E-Bay Selling
Starting in 2022, you'll receive a 1099-K once you've sold $600 on EBay, thanks to a provision in the recently enacted American Rescue Plan Act. So in 2023, you'll have to account for your eBay sales on your federal income tax once they exceed $600. Say Thank You 
Popular Reply
Feb 22, 2022, 09:32 AM
Uneducated autodidact
Joined: Feb 2001
Posts: 5,413
Likes: 252
From: West of the Sabine, Texas
Let's go brandon.
Melting Slicks
Joined: Feb 2001
Posts: 2,804
Likes: 358
From: Northville, MI
Keep your receipts when you purchased the item and deduct it from your income. If the product needed replacement parts that may also be applied to the product cost, but I would always check with my CPA before I did that.
Safety Car
Joined: Mar 2005
Posts: 3,756
Likes: 1,215
From: Wisconsin
ebay changed a lot of policies in the last year, I canceled my account, Can't recevive money directly anymore, have to give them your bank info. Much easier to use the free sites as a individual. Ebay has gone for the small business accounts.
Race Director
Joined: Mar 2018
Posts: 10,700
Likes: 2,166
From: Golden Colorado
I have years of old car parts with no receipt. Been selling on e bay for a while but looks like that ship has sailed.
Another thing this does not work for is anything that you inherited and want to sell off, sorry, no receipt. Reminds me of the old Chinese saying, no tickee, no laundry.
******* JO has bent us over again.
Corvette Stories
The Best of Corvette for Corvette Enthusiasts
Top 10 Most Expensive Corvettes Ever Sold on Bring A Trailer
Brett Foote
10 Things Every Corvette Owner Needs (2026 Edition)
Michael S. Palmer
8 Most "Only Corvette Owners Understand" Quirks and Problems
Pouria Savadkouei
10 Reasons the C6 Z06 is Still A Performance Benchmark After 20 Years
Joe Kucinski
How Much Horsepower Every Corvette Engine "LOST" in 1972
Joe Kucinski
Top 10 DOs and DON'Ts for Protecting Your Convertible Top!
Michael S. Palmer
Top 10 Most Explosive Corvettes Ever Made: Power-to-Weight Ratio Ranked!
Joe Kucinski
150 hp to 1,250 hp: Every Corvette Generation Compared by the Specs That Matter
Joe Kucinski
8 Coolest Corvette Pace Cars (and Replicas) of All Time
Verdad Gallardo
Banned Scam/Spammer
Joined: Sep 2016
Posts: 4,004
Likes: 3,929
From: Philadelphia PA (Birthplace of the USA, UNESCO World Heritage City)
That's really unfortunate- even more government overreach and intrusiveness.
That's still not going to stop me from selling on ebay because it really is the best place to sell certain types of items. For example, I just sold a vintage Pepsi sign for $250, a vintage equalizer for $1200, a Tiffany's gift card for 90% of face value, and many, many car parts at top dollar.
There is no better place to sell things for top dollar because it's the most efficient way for sellers to connect with would-be buyers seeking very specific items.
I also use craigslist to sell larger items that are infeasible to ship.
That's still not going to stop me from selling on ebay because it really is the best place to sell certain types of items. For example, I just sold a vintage Pepsi sign for $250, a vintage equalizer for $1200, a Tiffany's gift card for 90% of face value, and many, many car parts at top dollar.
There is no better place to sell things for top dollar because it's the most efficient way for sellers to connect with would-be buyers seeking very specific items.
I also use craigslist to sell larger items that are infeasible to ship.
No Hostility Be Happy
Joined: Aug 2018
Posts: 10,079
Likes: 7,398
From: South Hill Wa
2022 C5 of the Year Finalist - Modified
2021 C5 of the Year Finalist - Modified
The way I understand it this really only affects people that sell for profit. AKA business vendors.
Everything I sell on ebay is for a loss. Because it's used crap.
My beef isn't with ebays currently policies even though they do kind of suck. My beef with ebay has to do with them caving to my communist state so that now I have to pay sales tax on everything on ebay to include used stuff that has already been taxed once. That's bullshit.
Everything I sell on ebay is for a loss. Because it's used crap.
My beef isn't with ebays currently policies even though they do kind of suck. My beef with ebay has to do with them caving to my communist state so that now I have to pay sales tax on everything on ebay to include used stuff that has already been taxed once. That's bullshit.
Race Director
Joined: Aug 2002
Posts: 13,560
Likes: 781
The way I understand it this really only affects people that sell for profit. AKA business vendors.
Everything I sell on ebay is for a loss. Because it's used crap.
My beef isn't with ebays currently policies even though they do kind of suck. My beef with ebay has to do with them caving to my communist state so that now I have to pay sales tax on everything on ebay to include used stuff that has already been taxed once. That's bullshit.
Everything I sell on ebay is for a loss. Because it's used crap.
My beef isn't with ebays currently policies even though they do kind of suck. My beef with ebay has to do with them caving to my communist state so that now I have to pay sales tax on everything on ebay to include used stuff that has already been taxed once. That's bullshit.
NCM Lifetime Member
Joined: Aug 2015
Posts: 5,343
Likes: 4,288
From: Cunningham, TN
2021 Corvette of the Year - Modified
2020 C5 of the Year Winner- Modified
C5 of Year Finalist (appearance mods) 2019
St. Jude Donor '18 thru '26
Yep, Ebay is just doing what the gov is requiring them to. It sucks, but the it's a direct result of the 80 some million idiots (dead or alive) that voted for Brandon. 
No Hostility Be Happy
Joined: Aug 2018
Posts: 10,079
Likes: 7,398
From: South Hill Wa
2022 C5 of the Year Finalist - Modified
2021 C5 of the Year Finalist - Modified
https://dor.wa.gov/about/news-releas...-state-sellers
Race Director
Joined: May 2003
Posts: 14,137
Likes: 2,984
From: Iowa
St. Jude Donor '03 thru '26
I agree with everyone. All the eBay changes suck I used to sell a lot on eBay, those days are gone.
My biggest gripe is shipping cost are now outrageous. I don't get it at all. Last year I purchased a usb cord for 99 cents with free shipping from a China seller. I don't know the exact breakdown but let's say the item was 50 cents and shipping was 49 cents. Yes, 49 cent shipping. That item had to go from the manufacture to a warehouse. Then from the warehouse to the shipping docks in China. From there onto a boat and all the way to the west coast of America. From there I imagine it went to the Post Office on the west coast. From there all the way to the Post Office in little city of Anamosa Iowa. From there to my house in the country. All that distance and all those carriers for 49 cents. Now if I ship that same usb cord to my hometown of Bellevue, approximately 55 miles away, it will cost me about $5 to ship. WTF? Someone please explain that
My biggest gripe is shipping cost are now outrageous. I don't get it at all. Last year I purchased a usb cord for 99 cents with free shipping from a China seller. I don't know the exact breakdown but let's say the item was 50 cents and shipping was 49 cents. Yes, 49 cent shipping. That item had to go from the manufacture to a warehouse. Then from the warehouse to the shipping docks in China. From there onto a boat and all the way to the west coast of America. From there I imagine it went to the Post Office on the west coast. From there all the way to the Post Office in little city of Anamosa Iowa. From there to my house in the country. All that distance and all those carriers for 49 cents. Now if I ship that same usb cord to my hometown of Bellevue, approximately 55 miles away, it will cost me about $5 to ship. WTF? Someone please explain that
Race Director
Joined: Aug 2002
Posts: 13,560
Likes: 781
I'm not talking about federal. This was a Washington State thing. It applies to anything not just Ebay. Ebay was just a part of it.
https://dor.wa.gov/about/news-releas...-state-sellers
https://dor.wa.gov/about/news-releas...-state-sellers
No Hostility Be Happy
Joined: Aug 2018
Posts: 10,079
Likes: 7,398
From: South Hill Wa
2022 C5 of the Year Finalist - Modified
2021 C5 of the Year Finalist - Modified
I meant by saying it was a FEd thing that the Federal Govt is the one who mandated collecting the sales tax was ok for WA state and 44 other states.. it is not just Ebay or Wa State.. all the states were/are affected by this. except the ones who dont have sales tax.
I'm tracking what your putting down now.
and I do remember that now that you mention it that way.
Race Director
Joined: Mar 2018
Posts: 10,700
Likes: 2,166
From: Golden Colorado
The way I understand it this really only affects people that sell for profit. AKA business vendors.
Everything I sell on ebay is for a loss. Because it's used crap.
My beef isn't with ebays currently policies even though they do kind of suck. My beef with ebay has to do with them caving to my communist state so that now I have to pay sales tax on everything on ebay to include used stuff that has already been taxed once. That's bullshit.
Everything I sell on ebay is for a loss. Because it's used crap.
My beef isn't with ebays currently policies even though they do kind of suck. My beef with ebay has to do with them caving to my communist state so that now I have to pay sales tax on everything on ebay to include used stuff that has already been taxed once. That's bullshit.
They will lock your account and hold your money, until you give it to them, at least that is what they did to me.
Race Director
Joined: Aug 2002
Posts: 13,560
Likes: 781