ebay question

From: Jay West <jwest_at_classiccmp.org>
Date: Wed Nov 5 13:27:30 2003

I have a couple questions about ebay/paypal, and figured some folks on the
list here might know the "straight scoop".

1) If some seller sets up an auction as private (yet it still shows up on
the listings) - the deal is that no one can see who bid on it, or who is
currently the high bidder. In this set up, how can I be sure the seller
isn't bidding on his own auction to drive up the price? He's taunting me I
bet demmit! heh

2) Hypothetically, say I sell an item on Ebay for... oh... $2500.00. The guy
could pay me via paypal, or he could send me a cashiers check. Does Paypal
report transactions to the IRS? Or more importantly, if I sell items on ebay
all year... do I have to track all that and report to IRS? Never really
thought of it cause it probably isn't much money anyways. But I am curious
if ebay and/or paypal reports to the IRS.

Jay West

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Received on Wed Nov 05 2003 - 13:27:30 GMT

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