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Selling on E-Bay?
- KZQ
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- Walking Behind the Corn May Not Be All That!
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19 Mar 2023 16:20 #881797
by KZQ
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
Selling on E-Bay? was created by KZQ
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
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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19 Mar 2023 16:37 #881799
by Nessism
Replied by Nessism on topic Selling on E-Bay?
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%?)
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- KZQ
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19 Mar 2023 19:04 #881805
by KZQ
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
Replied by KZQ on topic Selling on E-Bay?
I'm not concerned about the income as long as I can show expenses to offset it.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%?)
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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19 Mar 2023 19:18 #881806
by krazee1
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!)
Replied by krazee1 on topic Selling on E-Bay?
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
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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20 Mar 2023 07:07 #881814
by Moose1800
Replied by Moose1800 on topic Selling on E-Bay?
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.
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.
The following user(s) said Thank You: KZQ, Street Fighter LTD, krazee1
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- Injected
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20 Mar 2023 13:18 #881833
by Injected
Replied by Injected on topic Selling on E-Bay?
Jay Leno is always endorsing BaT on his YouTube videos. Talk about deep pockets!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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