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Question: I appetite to apperceive if the sellers on eBay accept to pay assets taxes on their income?

Answer: There are several Web sites that accord all-encompassing admonition on the accountable of tax accumulating and eBay sellers, but the safest admonition best acceptable comes anon from the Internal Acquirement Service.

“It is includible as assets and potentially taxable,” said IRS agent Bill Brunson, of acquirement becoming from eBay sales.

Brunson said band 21 on the 1040 form, the “other income” line, is area all assorted assets should be entered.

“That’s area bos can put in items such as eBay earnings,” Brunson said.

Just because a being letters eBay acquirement doesn’t beggarly the being will pay added taxes, Brunson added. Overall taxes owed

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