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Kristine McKinley's Articles in eBay

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  • How to Value Your eBay Inventory for Tax Purposes
    One of the questions I hear most often from eBay sellers is how to value inventory for purposes of preparing their tax return, especially if it was purchased at a garage sale, or if you used the item before you sold it on eBay.
  • Is Your EBay Activity a Business or a Hobby?
    Many eBay sellers start out as a hobby, or just to clean out their closets. Many times, this hobby can lead to a profitable business.

    A hobby is an activity that you do simply because you love doing it, but it may also earn you some income. That income must be reported on your tax return, even if it is just a hobby.
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