$ 100.01 (for shipping cost) $ $17.42 TAX Why am I being tax on a $100.01 shipping fee? I have bought items on ebay for 20 years now and NEVER have I been taxed on the cost of shipping! Message 7 of 7 latest reply 0 Helpful Reply About...
I listed a couple on eBay for £4 a go - they were quickly snapped up. Stupidly, I got offered £15 for one and got cocky thinking I would win more at auction. I didn't, and that seller grabbed themselves a £3.53 bargain. Lesson learnt. You can read about some m...
tax is ruining ebay for me myangelandmyprincess Rockstar (2983 ) View listings In response to triputt5 09-29-2022 09:37 AM @triputt5 wrote: I too am getting taxed, I don't mind the tax on the product, but shipping and handling, a load of crap. The state being ship...
Since you sold the table for more than you paid, you would need to report the sale on your income tax return. In this example, the $80 profit you made would be a long-term capital gain and taxed as such. Use ourcapital gains tax calculatorto calculate how much tax you might owe on...
couch or another personal item and accept payment via a TPSO, such as PayPal or Venmo, it will be included on a 1099-K form (if you’ve hit the reporting threshold). A sale that results in a profit will be taxed as a capital gain, but you must report losses on onForm 1040, Sche...
How Mobile Detailing Businesses are Taxed? If you do not incorporate your Mobile Detailing Company, depending on the number of business owners, you will betaxed on your personal incomeas a sole proprietorship or general partnership. It means you will betaxed as a pass-through or disregarded enti...
Bysheka— On Dec 04, 2007 I have a question based on payroll...How is the payroll process with outsourcing? I'm currently working as an outsource cutter for a company and when it comes to payday it's mayhem! I always get excuses that I have to wait weeks. They said I'd get paid...
Even though you are not taxed on the stimulus payments you received you still have to claim the money. The letters from the IRS will explain everything you have received regarding stimulus payments and answer any questions you may have. ...
Ordinary income is any income taxed at ordinary income rates.Generally speaking, this tax rate is higher than the tax rate assessed on long-term capital gains, which are levied only after a stock or other security stays in your portfolio for a year or longer. The considerably higher tax rate...
Tax treatment.Sole proprietors are only taxed on the profits they generate and may be able to include some of their business expenses as tax deductions, such as mileage or office supplies. Simplicity.As a sole proprietor, there is less paperwork that needs to be filed with the state in orde...