Sold doll collection and taxes

Cmd1
Contributor
Contributor

Doing taxes and sold on EBay most of my doll collection the last 2 years  and bought other dolls and doll related things for almost $18,000  Paypal sent that I earned $24,000  How would I figure fees, postage and some dolls I did sell for more but other I lost money.  I am 71 and this is my hobby and not a business.

Login to Me Too
3 REPLIES 3

kernowlass
Esteemed Advisor
Esteemed Advisor

@Cmd1

 

You still earnt the money, whether you are a private or business seller you are still a seller.

And what does your age have to do with anything?


Advice is voluntary.
Kudos / Solution appreciated.
Login to Me Too

Cmd1
Contributor
Contributor

Age has nothing to do with it.  I did pay for these dolls over the last few years and just was looking for advice on how someone else might have done their taxes?  

 

Login to Me Too

kernowlass
Esteemed Advisor
Esteemed Advisor

@Cmd1

 

ok mis-read your post.


Advice is voluntary.
Kudos / Solution appreciated.
Login to Me Too

Haven't Found your Answer?

It happens. Hit the "Login to Ask the community" button to create a question for the PayPal community.