Samir
Member
Actually, when you sell something used on ebay, et al, even if you bought it new they still charge sales tax. The income tax portion is why they send you a 1099, and technically you're supposed to report a 'gain' even if you don't get a 1099.The taxes you paid when you bought it were sales taxes collected by your state.
The taxes you pay when you sell something are income taxes. Completely different stuff...