Monday, March 28, 2005

eBay sales is taxable revenue

Lifehacker (blargticle)

If you’re using eBay to clean out your closet in an online garage sale, claiming the money you get paid for sales on eBay isn’t necessary. But if you’re running a small business which depends on eBay for profit, your sales revenue is taxable.

Good news, no really. When i first heard this, they said that all sales on eBay would be taxed. But instead it is just small businesses that use it to sell their stuff. Which makes sense.

Mental note: Stop getting information from the TV and radio.

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