{"id":832,"date":"2016-03-11T15:31:02","date_gmt":"2016-03-11T20:31:02","guid":{"rendered":"http:\/\/www.etax.com\/blog\/?p=832"},"modified":"2016-02-29T15:31:33","modified_gmt":"2016-02-29T20:31:33","slug":"selling-items-on-an-online-auction-site","status":"publish","type":"post","link":"https:\/\/www.etax.com\/blog\/2016\/03\/11\/selling-items-on-an-online-auction-site\/","title":{"rendered":"Selling Items on an Online Auction Site"},"content":{"rendered":"<p>So you\u2019ve done some spring cleaning and found some extra items that made you some cash on one of the popular auction sites online, such as eBay. If you\u2019ve sold anything on one of these sites, you may be curious to know how it will affect you at tax time.<\/p>\n<p>Let\u2019s say you sold roughly $1,950 in jewelry on eBay. How you are taxed depends on whether or not you sold the jewelry as a business. If so, you\u2019ll need to file a Schedule C, which is used by self-employed taxpayers.<\/p>\n<p>Otherwise, if the jewelry was just extra clutter that you wanted to get rid of, you\u2019d count the sale as a capital gain and file a Schedule D.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>So you\u2019ve done some spring cleaning and found some extra items that made you some cash on one of the popular auction sites online, such as eBay. If you\u2019ve sold anything on one of these sites, you may be curious to know how it will affect you at tax time. Let\u2019s say you sold roughly [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[121],"tags":[466,465],"class_list":["post-832","post","type-post","status-publish","format-standard","hentry","category-income","tag-auction-sites","tag-ebay"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Selling Items on an Online Auction Site - eTax.com\u00ae Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.etax.com\/blog\/2016\/03\/11\/selling-items-on-an-online-auction-site\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Selling Items on an Online Auction Site - eTax.com\u00ae Blog\" \/>\n<meta property=\"og:description\" content=\"So you\u2019ve done some spring cleaning and found some extra items that made you some cash on one of the popular auction sites online, such as eBay. 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