So would that be the equivalent to filling out Schedule C without having to calculate the postage, packaging, eBay/PayPal fees and original item costs? I've never filed taxes online before, but I wanted to start this year since it'd be quicker/easier than doing everything myself on paper copies.
Enter the same amount but as a NEGATIVE number.Under Description this time put " 1099-K Cost of Personal Property".When a listing has finished you'll be informed about the buyer's name, the address and all important transaction details. It shows all information about your listing, like current bid, watchers, sold item, listing fees and everything else. Enter the amount from the 1099-K in the next box, click continue, GarageSale tracks the state of your listings and orders.Under Description put "1099-K Personal Property Sales ".Answer Yes to "Any Other Taxable Income?".Then scroll down and choose Other reportable income.On Your 2017 Income Summary, scroll down click on Start next to Miscellaneous Income,."Enter it under Wages & Income tab at the top: I was googling this further and came across some instructions on a TurboTax forum that said to: Thank you for taking the time to read and for any advice! It'd be a big hassle to go back and calculate all the costs (postage, packaging and PayPal & eBay fees), and I don't have receipts for all my old items to show how much I originally paid on them (even if I did, you can't deduct losses from selling personally used items, so I'm not sure what the point of filling out something that shows you have a loss would be?).
I looked that up, but the form says it's for a business, which I don't have. I read some threads on here where it was suggested that people file Schedule C. But how will the IRS know this? Is there something I can do to let them know it was a garage sale and not a personal business? I read online that if you're doing an "online garage sale" you don't have to pay taxes because you're selling personal items you used at a loss. I got an 1099-K form for about $1,600 from almost 50 transactions from PayPal, and they said they're sending the info to the IRS. If you have any idea about GarageBuys future you’d like to share with us, please let us know here.I cleaned out my house this year and sold some of the things I wanted to get rid of on eBay. It seems eBay decided it is better off without that business… We know that there a a lot of collectors that spend a lot of time in GarageBuy searching and bidding on eBay listing, in turn generating a revenue for eBay itself. Only after several inquiries from our side, we were able to receive confirmation that we won’t receive any compensation at all by mid-September (that’s next week). Unfortunately, eBay’s communication on this issue was all but crystal clear, making us believe we’d simply need to change GarageBuy to use a new eBay API to keep receiving commissions. Since these commission payments paid for GarageBuy’s maintenance and improvement since 2006, we have to decide whether or not its worthwhile to continue offering GarageBuy at all - or if we can come up with a sustainable alternative business model to keep it alive.
GARAGESALE HTTP EBAY FREE
Today we received confirmation from eBay that we won’t receive commission payments for successful bids and orders placed through our free app GarageBuy ( macOS version, iOS version) anymore. Posted in Company News, GarageSale | Comments Off on GarageSale 9 Released If you have questions about GarageSale, don't hesitate to get in touch with us, either through the GarageSale forum or by contacting us directly.
GARAGESALE HTTP EBAY UPGRADE
The upgrade is free for GarageSale Pro subscribers or users who bought their GarageSale 8 license after August, 1st 2021.įor a complete list of changes and the download link, please check this page. GarageSale 9 pricing starts at $39.99 for new users, or $19.99 for the upgrade from earlier versions. It’s also possible for users to create custom JavaScripts to manipulate a large number of listings very quickly, and define a set of custom rules that are checked before a listing is stared on eBay.Ī complete list of new features and changes is available here. Using GarageSale 9, sellers can send out discount offers to watchers of their listings. This new version lets sellers add videos to their listings, a feature recently introduced to the eBay platform. GarageSale 9, a major upgrade to our eBay client for the Mac, is out.
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