Article: Is Your Ebay Income Taxable?
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Is Your Ebay Income Taxable?
The income you get from selling items on eBay is just like the income you get from any other business: it is taxable, at least in theory. In practice, many get away without declaring profits from their eBay sales just because they?re hard for the government to track. If you want to be strictly within the law and legit, though, you should be paying tax.
Income is Income.
If you make money from it, then it?s income ? and if it?s income, then it?s taxable. There is a question of scale involved, though, where the more you?ve sold, the more important it is to declare your eBay income. If you don?t, you risk getting yourself into all sorts of trouble.
There are some rules for deciding whether your income counts as taxable or not. If you depend on the ...
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