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Do you report your purchases on your taxes?  email this discussion to a friend?

myLot reputation of 94/100. redrover (461)   ranked 344 out of 1,622 in ebay.com 4 years ago

When you do your state taxes do you pay your sales tax?
I do, but most I know don't.
I know you are supposed to, but do you?

 

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giftsandbagscom (25617) response was accepted on 3/20/2008.
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tags:  ebay, sales tax, taxes
 
1. myLot reputation of 92/100. melissaruth1 (3520)   ranked 13 out of 1,622 in ebay.com   4 years ago

You only have to if you sell more than 600 dollars worth of stuff, minus all your fees and expenses. I personally have not reached that and if I get close i stop selling lol. I keep meticulous records of what i spend in fees and other expenditures every month.


myLot reputation of 92/100. melissaruth1 (3520)   ranked 13 out of 1,622 in ebay.com  4 years ago

I did not answer completely, when i sell something to buyers in my state i charge them sales tax then they dont have to worry about it. If i purchase from someone in my state i ask them to add the sales tax then i dont have to worry about it.

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2. myLot reputation of 91/100. giftsandbagscom (25617)   ranked 37 out of 1,622 in ebay.com   4 years ago

I have no idea what is what when it comes to paying taxes. I know this much I was told If I sell over $600.00 worth of goods. That I would need to report it. I have always stopped right before that. This is my first year not concerning myself with that. I am trying my hardest to get off SSI. So I have to push myself and try harder. So Yes I plan to report my taxes but where do I start is my question I have saved all my receipts for buying materials to make these bags. The shipping and tracking costs as well. I will also try to get the fees from feebay and feepal deducted as well.


myLot reputation of 91/100. giftsandbagscom (25617)   ranked 37 out of 1,622 in ebay.com  4 years ago

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3. myLot reputation of 95/100. hardworkingmom (856)   ranked 296 out of 1,622 in ebay.com   4 years ago

It depends on how much I made for the year. Because if I didn't make anything I mean profit wise I'm not reporting it. Only time I'm going to report is when and if I ever reach that $600.00 mark for the year. So really no I don't report mines.

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4. myLot reputation of 94/100. Mcbuttero (852)   4 years ago

I live in Oregon... no sales tax here. Thank God!

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