Quote:
Originally Posted by Eric72
I sold less than 20 items and gross revenue was less than $2,000. So, I obviously don't do this for a living. Would it be reasonable to compute taxes owed through the calculations below?
Total sales, minus eBay fees, minus PayPal fees, minus postage, multiplied by 28%
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Sort of. You forgot to subtract how much you originally paid for the cards. Plus it's only 28% if you are In the 28% tax bracket.