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11-22-2023, 11:12 AM
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#1 |
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Senior Member
 
Join Date: Oct 2012
Location: Lexington, Ky
Posts: 2,113
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Truck parts sold on EBAY
Just saw an article saying IRS will NOT collect taxes for 2023 on sales that go through EBAY, PayPal, etc.
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Larry 84 Chevy SWB, "Roy", dark blue orig paint, 6 cyl auto, PS, 88,000 miles. 72 Highlander LWB "Olive" med olive over lt yellow, air, 77,000 miles (sold) "It's a sorry man who can't find his wife a good job" |
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11-22-2023, 11:17 AM
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#2 |
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Senior Member
Join Date: Oct 2014
Location: Ohio
Posts: 6,858
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Re: Truck parts sold on EBAY
Saw that on the news yesterday.
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FB Page for my Seats Belts https://www.facebook.com/73-87-Chevy...9439407476735/ Restoring Seatbelts: http://67-72chevytrucks.com/vboard/s...d.php?t=809750 SOLD My 86 Build:http://67-72chevytrucks.com/vboard/s...d.php?t=654972 Past Restored Bench Seats:http://67-72chevytrucks.com/vboard/s...d.php?t=715398 PayPal link to pay for your items: https://www.paypal.me/TKCR |
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11-22-2023, 11:20 AM
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#3 |
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Senior Member
Join Date: Mar 2003
Location: Colfax-California
Posts: 8,391
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Re: Truck parts sold on EBAY
I don't trust them. They'll change at the last minute and hit you with fines for not reporting
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11-22-2023, 04:52 PM
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#4 | |
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Senior Member
Join Date: Nov 2018
Location: Waterford California
Posts: 2,378
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Re: Truck parts sold on EBAY
Quote:
Awe common now... we all love to pay taxes, knowing they won't squander one red cent! 
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11-22-2023, 09:20 PM
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#5 |
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Senior Member
Join Date: Jan 2007
Location: Turlock, CA
Posts: 8,345
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Re: Truck parts sold on EBAY
Here’s my question for when this actually kicks in…
Let’s say a guy buys old chevy truck parts for 40 years (possibly applies to some of us haha). It’s a hobby, so he doesn’t save receipts. He decides to clean up the barn and sells it all online. Nets $20k. He now owes taxes as if he is a business, and he had no way of proving otherwise. What am I missing?
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I live in California, but identify as a Texan  "If a job's worth doing, it's worth doing well" Project "Little Sister" (70 c10 blue original paint refresh) Project "C10 Fever" (68 factory black 396 swb) Project "Blue Bomb" (70 c30 blue original paint refresh) Project "Vitamin C" (71 c10 orange original paint refresh) |
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11-22-2023, 09:32 PM
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#6 | |
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Senior Member
Join Date: Dec 2009
Location: TN.
Posts: 7,726
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Re: Truck parts sold on EBAY
Quote:
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________________________________________________________________________________________ ____________________________________________ 84 Chevy K-20 63 Impala (my high school car) http://67-72chevytrucks.com/vboard/s...Crew Cab Build |
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11-22-2023, 09:36 PM
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#7 | |
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Senior Member
Join Date: Dec 2009
Location: TN.
Posts: 7,726
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Re: Truck parts sold on EBAY
Quote:
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________________________________________________________________________________________ ____________________________________________ 84 Chevy K-20 63 Impala (my high school car) http://67-72chevytrucks.com/vboard/s...Crew Cab Build |
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11-23-2023, 10:06 AM
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#8 |
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Registered User
Join Date: Nov 2001
Location: Old Bridge,NJ
Posts: 814
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Re: Truck parts sold on EBAY
bowtie ( what am I missing ) I wouldn't be surprised 10 grand or close. Between me and my wife together we paid high taxes. I guess we should feel good though, we got two grand back in our returns, peanuts. I'd feel better if they gave me a list to pick what I want my taxes to pay for. They want to make it easier and safer with no more paper money, we all have plastic cards for all our buying and spending, it makes it so much easier to record what taxes should be paid, for by buyer and seller after you have a yard sale or anything like that. Maybe the old fashion American Indian trade way can work out better. ✌
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