Selling on E-Bay?

  • KZQ
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Selling on E-Bay?

19 Mar 2023 16:20
#881797
Hi Guys,
You may have noticed that I'm trying to sell a bike for a friend of mine, it's in the For Sale Forum.
I've recently heard that E-bay is reporting income to the govmn't and requiring a bunch of new information about sellers to do so.
How are you folks dealing with this stuff? Is it difficult to get set up to offer stuff for sale?
TIA
Bil
www.KZ1300.com
Riders:
1968 BSA 441 Shooting Star, 1970 BSA 650 Lightning, 1974 W3, 1976 KZ900, 1979 KZ750 Twin, 1979 KZ750 Twin Trike, 1981 KZ1300, 1982 KZ1100 Spectre, 2000 Valkyrie, 2009 Yamaha Roadliner S. 1983 GL 1100
Projects:
1985 ZN1300

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  • Nessism
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Re: Selling on E-Bay?

19 Mar 2023 16:37
#881799
There isn't much to do.  They will want your bank account number, though.  At the end of the year, it's my understanding that you will get a 1099 for the proceeds.  That part really sucks, because we are supposed to declare the money as "income" which means taxes (25%?)

 
Ed
Carb O-ring Kits : www.kzrider.com/forum/3-carburetor/61807...-o-ring-kits?start=0

www.kzrider.com/forum/faq-wiki/618026-new-owner-things-to-know

1981 KZ750E2
www.kzrider.com/forum/11-projects/604901...z750e-project-thread

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  • KZQ
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Re: Selling on E-Bay?

19 Mar 2023 19:04
#881805
Nessism wrote:
There isn't much to do.  They will want your bank account number, though.  At the end of the year, it's my understanding that you will get a 1099 for the proceeds.  That part really sucks, because we are supposed to declare the money as "income" which means taxes (25%?)


 
I'm not concerned about the income as long as I can show expenses to offset it.
Bill
www.KZ1300.com
Riders:
1968 BSA 441 Shooting Star, 1970 BSA 650 Lightning, 1974 W3, 1976 KZ900, 1979 KZ750 Twin, 1979 KZ750 Twin Trike, 1981 KZ1300, 1982 KZ1100 Spectre, 2000 Valkyrie, 2009 Yamaha Roadliner S. 1983 GL 1100
Projects:
1985 ZN1300

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  • krazee1
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Re: Selling on E-Bay?

19 Mar 2023 19:18
#881806
I had basically just dipped my toes into the waters of E-Bay selling when they changed the rules. They wanted a checking acct. #, which is no huge deal, just set up a separate account for E-Bay. The part I really didn't like was providing your S.S. number!  I have heard that they backed down to only requiring the last four digits, still distasteful to me, but I'm considering giving it another go.

Mike
Former M.E. at Kawasaki Motors Manufacturing, Lincoln, NE
1966 W1 (the Z1 of 1966-50H.P. and 100mph!)
1974 Z1
1978 KZ1000 LTD
1976 KZ900B pile O parts
1980 KZ750E
1980 Honda XL250S (I know, wrong flavor!)

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  • Moose1800
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Re: Selling on E-Bay?

20 Mar 2023 07:07
#881814
You should try to sell it on bring a trailer.com, they only charge $99 to list and the winner of the auction pays BaT the fees.
I sold my 1953 Dodge Powerwagon there a couple years ago I was asking 10K for it locally with no luck it brought almost 16K on Bat.

I quit selling on ebay a few years ago, I sold my 65 Chevy van there and the fees ebay and paypal charged me were insane.
BaT has a huge audience of people with deep pockets.
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  • Injected
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Re: Selling on E-Bay?

20 Mar 2023 13:18
#881833
Moose1800 wrote:
You should try to sell it on bring a trailer.com, they only charge $99 to list and the winner of the auction pays BaT the fees.
I sold my 1953 Dodge Powerwagon there a couple years ago I was asking 10K for it locally with no luck it brought almost 16K on Bat.

I quit selling on ebay a few years ago, I sold my 65 Chevy van there and the fees ebay and paypal charged me were insane.
BaT has a huge audience of people with deep pockets.
 
Jay Leno is always endorsing BaT on his YouTube videos. Talk about deep pockets!
 
1978 KZ650B2 w 1197cc Z1 engine
1977 KZ650B1 w 750cc Spectre engine
1979 KZ650C3 w 831cc Hot Rod engine
1978 KZ650C2 w 762cc DFI project
1977 KZ650C1 stock restoration project
1978 KZ650B2 modified project
1978 KZ650B2 Injected Drag 831cc
1980 Z1 Custom Frame Drag 1327cc
1981 Z50R Honda tow bike

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