“IRS May Consider eBay Sales Taxable Income”

By on March 28, 2005

Uncle Sam’s gotta get his cut, too:

“The big issue is whether you’re doing it as a business or not.”

[…] If someone is selling the junk that is collecting dust in a garage or basement, then that person probably is getting less than he paid for it — no profit here. But if someone is buying goods in bulk from a wholesaler and hoping to make a couple extra bucks reselling each one, then that person could have just started a profitable business, Fooden said.

Via Drudge.