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Question about 1099-K form from Paypal for Taxes - Page 2

post #16 of 17

also as a deduction for your sales is your computer service bill (you need this service to go online) and I pay $47 a month which I will add for the year and deduct----packing materials such as boxs popcorn--tape--markers--gas to get to and from post office----price paid for merchandise you sold (which is most likely half of what you made right there on ebay)''if you buy something for $20,your lucky if it sells for $30-$40---fees for paypal---fees for ebay listings & final value fees---fees for actual postage paid---these will all make that amount drop closer to zero(of course there will be some income)but the $20,000 can turn into $5000!!! !if the irs wants to play,play as dirty as you can and deduct all you can allow!!!!!!!!!

post #17 of 17
Any new tax laws for 2013, as far as ebaying / paypal.

Pretty sure it's still 200 sell transactions AND $20K before you get the 1099...?
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