TR2/3/3A Selling a tr3 on eBay

[sp53]

What does it cost to sell a car on eBay? For example, when I see a tr3 sell for 20K is there a government charge or some kind of Tax or are they given an income tax statement from Ebay?

 

[FordFiesta]

Ebay has a "listing fee" for beginning the auction and a "final value fee" if it sells. Probably a couple of hundred bucks in all.

No sale-price info sent to state or federal gummint as of now (1099, etc.), though it gets talked about from time to time.

 

[NutmegCT]

I sold a car on ebay a few months ago. No charge at all to list it. A $125 charge when the car sold. I think the $125 is for a car sale over $2000.

No other charges, fees, or reports to anyone.

It remains the seller's responsibility to report a capital gain or business profit (if any) for tax purposes.

Tom

 

[martx-5]

...

It remains the seller's responsibility to report a capital gain or business profit (if any) for tax purposes.

Tom

Of course when you factor in all of the resto costs, there will be a net capital loss... :laugh:

 

[NutmegCT]

for cars:

https://pages.ebay.com/help/sell/motorfees.html

T.