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Old 04-05-2013, 05:31 PM   #1
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Members who have done RAOKs

Okay so I saw that a fellow member is having some difficulty it it got me thinking, so I decided to start this thread to seek some answers.

When I did a RAOK I did not report it for tax purposes because I thought if you made no profit it was fine. This could very well be the wrong thing to do which is why I'm asking, at the time this is just what came up through research because it was considered an online garage sale transaction.

So what do you guys do when offering a RAOK (buyer just pays shipping & handling)? Do you make the buyer pay as a gift (this is what members have asked of me) or goods & services?

If you do have to report it, do you report it on a special section/form to show that no profit was made so that you don't get taxed?
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Old 04-06-2013, 10:43 AM   #2
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Receiving cost for shipping an item is not income, so not sure why it would need to be reported.

Per PayPal's policies, it is not a gift, however.
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Old 04-06-2013, 02:15 PM   #3
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Thanks for the reply, I agree which is why I didn't report my RAOK. So when receiving payment for shipping, accepting it as gift or goods & services is "technically" okay?

Any other opinions are welcomed.
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Old 04-06-2013, 02:18 PM   #4
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Unless you are doing this constantly it isn't going to matter either way. But somebody sending you money to cover shipping doesn't meet the criteria of a "gift" according to PayPal.
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Old 04-06-2013, 02:30 PM   #5
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Okay, thanks for the clarification.
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Old 04-08-2013, 06:17 PM   #6
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Nice to know about the gift option, thanks for sharing.
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