Re: 'Fess Up poll: Do you sell your stockpile on Ebay?
Originally Posted by ezzie65 FYI don't quote me verbatim on this but I checked into donating and if you donate you can only write off what your actual costs for the items were, not the actual value of the items. You are supposed to save receipts for what you paid for the donated items because if you ever get audited by the IRS you will need them. With that said that's why I don't even bother with a tax receipt when I donate nor do I write it off anymore, it's not worth it to only get a percentage off my taxes as you get with donations and then have to back it up to prove what I paid for the items (which was virtually nothing anyway). So I donate with the knowledge that what comes around goes around and forget Uncle Sam! LOL
Also I sold quite a bit of stockpile at my last yard sale and made over $500!!! I just donated about 200 tubes of K-Y to a no-kill animal rescue. Not sure what she's going to do with it but I know she will never run out... LOL | I was looking into this around tax time..and yes its too much time for me but what i was told was i can donate up to $500worth without a receipt and the rest i have to prove..so im pretty sure thats what she meant
about the topic. I was a powerseller too at one time. coupons/ clothes (omgosh people pay a lot for something i bought for .50at a garagesale) and other items.
when they changed the fees once again early this year i quit, mainly because store listings couldn't be .99cents or less anymore.
I know someone who started ebayin' after she saw me earn some money...but i bought stuff really really cheap and counted the fees so i know i made a profit. She sells stuff out of her house which she paid full price for and sells it on ebay and thinks whatever it sold for thats her profit.
Right now im just a buyer on ebay i don't touch the listing anymore because of the highfees.
My first garage sale this year went great..i was a lil shy about selling household items but the first few people who stopped by bought them all!
i didn't have much out there because i have a emotional bond w/ my stockpile lol but i made like 100bucks on the stuff i got free or made money on :)
Im planning on doin another garage sale next year..one person asked me goin to have another? and i said yes maybe next year and he wanted to know if i would sell the same stuff lol
__________________ Marcs/ IGA/ GiantEagle Shopper
Mother of daughter  born 3/17/07 and son  born 2/13/08. ExpectingBoy:  Due May19 2012 |