![]() ![]() Even if you’re employed part-time or full-time elsewhere, you’ll still need to fill out the Schedule for your eBay activities. If you’re selling on eBay as a business, report your profits and losses on Schedule C, which is used for self-employed people who don’t have bosses that withhold taxes for them. When it comes to deductions, you can claim any expenses such as eBay fees, shipping, packing and mileage to bring down your net income. Since your activities are considered a hobby, you won’t be able to claim losses. Your hobby income from eBay will need to be reported on Form 1040, using Schedule A for itemized deductions.
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