billyboy
ArboristSite Operative
Have sold on eBay and Craig’s for 20 + years. Not too much trouble with folks other than minor skirmishes with eBay and the revolving rules. Have used FB once or twice. Don’t like it much. Been scammed on FB but got my money back thru PayPal. I keep a record of buy and sell and report it but the new IRS reporting is a bit whacked. I don’t know what I paid for some things 20 -40 plus years ago for personal use. Any sales over 600 on eBay will get some kind of 1099. I sell a 5000 stereo unit and make 300 on it and now I have to clear all that ***** up in an audit? Have sold a few vehicles and farm implements for friends that know I do it but mostly sell musical instruments and such that I find at auctions. You just have to use some common sense and keep your eyes open. Most people are still honest and the rest are easily spotted most times.
Took a bunch of farm toys , wife’s collectibles, heirlooms to an auction. Auction took 35 % and now I should give the IRS another 20 % or whatever. I don’t have a clue what my basis is in any of that stuff.
Took a bunch of farm toys , wife’s collectibles, heirlooms to an auction. Auction took 35 % and now I should give the IRS another 20 % or whatever. I don’t have a clue what my basis is in any of that stuff.