Generally, you don’t have to pay taxes on the sale of a personal item that was sold at a loss (you sold the item for less than what you paid for it). For example, if you bought a bike for $1,000 last year, and then sold it on eBay today for $700, that $700 you made ...
2023. However, just because you receive a 1099-K doesn’t automatically mean that you’ll owe taxes on the amount reported on your 1099-K. Only goods that are sold for a profit are considered taxable, so you won’t owe any taxes on something you sell for less than what you paid for...
latest reply byckimodogon01-23-2023 04:08 AM About this board Welcome to the Selling board! You can chat with other sellers about anything to do with running a business on eBay For news and more see: What's new Selling related questions?
1099-K and taxes Looking for a topic I already started on this topic.I guess I didn't notice the box to email me when it's answered, Is it stored someplace?? I hate to ask for a response if they already did,My first 1099-K. . Am I understanding what the customer paid... ...
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Like many states, Louisiana’s economic nexus threshold is $100,000 in sales in the current or previous calendar year. Louisianahas removedthe 200 transactions criterion as of August 1, 2023. It’s a destination-sourced state that taxes shipping. ...
Exchange rates can work both for and against you. It is sensible to keep an eye on these, but for simplicity’s sake you just need to make sure your products are priced at a level which covers the expected variation. Ensure that your profit margin after all taxes and fees is high enoug...
Take note that accepting payments internationally can come with different fees depending on location, currency, payment type, and more. Read this for more information about international taxes and fees. Duties and taxes Find out if duties and taxes will affect the prices of items you plan to se...
Selling on Amazon UK is a low-cost opportunity. Once your business is up and running, you need to send and receive payments and file taxes. If you use a domestic account for international payments, Amazon will charge a currency conversion fee whenever you want to withdraw foreign currency. ...
Just for you Latest tips to improve UK ecommerce logistics See All Innovative Strategies for Handling and Avoiding Excess Inventory Shipping Labels: How They Work and How to Print Your Own Markdowns in Retail: Turn Overstocked into Optimised With a 3PL...