Comments on: The Secret Of Finding Free Stuff To Sell On eBay & Etsy! Pt 1

By: Anonymous

Anonymous — Sat, 25 Aug 2018 02:39:23 +0000

By: Kathy Terrill

Kathy Terrill — Mon, 25 Sep 2017 21:07:21 +0000

In reply to Bill.

Great question Bill.
I’d contact a local tax professional and ask their advice.
I don’t give tax advice as I’m not a CPA.

By: Bill

Bill — Mon, 25 Sep 2017 20:19:38 +0000

I need big help with these free items..i have picked up hundreds of items and plan on selling them and keep aquiring them. How do I deal with the dates and sources if it’s unclear because of the volume. Cost of goods is zero. Do I have to report the items themselves as valued income separately? Or can I just sell it and report my 100% taxable income as self employed? It’s not separate from those taxes right? And can I deduct final value fees commissions shipping ect even though they are technically personal items but being sold in business like manner whether it’s free or out of my closet? Sorry I know it’s a lot of questions but it’s very important to me and I’m sure many more people. IRS will not help me! So I’m better off asking someone who does this.

By: Kathy Terrill

Kathy Terrill — Wed, 27 Jan 2016 23:30:35 +0000

In reply to Janet. I'm so glad my tips are helping you find inventory Janet. Be sure and sign up for my newsletter!

By: Janet

Janet — Sun, 24 Jan 2016 21:23:33 +0000

I’ve been doing this. In fact, for the last 3 months I’ve been selling things from my home. I’ve also checked Craiglist free items and asked family members for things they didn’t want anymore. If it wasn’t illegal here I’d seriously take up dumpster diving! By the way, I’ve also checked the estate sales and even on the last day where I live, everything is still priced extremely high. My best bet though is garage/yard sales, but there won’t be any until around May, due to the winter season! Health conditions also keep me a bit limited as to what I can and can’t do. Going to hang in there though and do the best I can. By the way, these are very good tips for sure!

By: Kathy Terrill

Kathy Terrill — Fri, 06 Nov 2015 13:51:22 +0000

In reply to Kathleen. Smart Kathleen!

By: Kathleen

Kathleen — Wed, 04 Nov 2015 11:45:35 +0000

This is exactly what I have been doing. Selling many vintage items I have from my own things and then when my father died, I got a huge amount of things that had belonged to him and my mother since the fifties. They did not throw anything away. It was funny to me that nobody else wanted their stuff. I took it all and sold almost all of it on eBay.

By: Kathy Terrill

Kathy Terrill — Fri, 30 Oct 2015 00:21:34 +0000

In reply to Mary Beth. Mary Beth that is fantastic! Thanks for posting!

By: Mary Beth

Mary Beth — Mon, 26 Oct 2015 01:11:27 +0000

I go to church, school, and organizations rummage sales at their closing time. Most of the time the volunteers are going to load everything left over in boxes and take them to the nearest thrift store. I ask if I can box up anything I want and take it. They are not interested in getting a tax donation from the store so they almost always say go ahead. The last preschool rummage sale I did that to, I got hundreds of dollars of craft materials, a wedding dress, 4 boxes of sellable books, good kitchen appliances, and great toys! My car was filled to the brim. It will all add up to at least $500.00 in sales or more. Even though I was told I could take them for free, I offered to give a donation. She said $20.00 would be nice, so I handed her a $20.00. It was well worth it.