can selling stuff on the internet be considered taxable?

  • Thread starter Thread starter Brett S
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Brett S

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can selling stuff through websites, blogs, or ebay be taxable? please an individual answer to each one
 
For income tax purposes, the IRS looks at how you acquired the item and how you are selling it.

Items purchased for resale would be a business or a hobby and tax would be paid on the profit.

Personal use items sold at a gain are taxable. Personal use items sold at a loss are not deductible.
 
In the US, sales are subject to income tax , federal and state.

If they weren't, all sales would be via the internet.
 
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