.
So even if you sell a car for over $20K, you don't get a statement.
And even if it is reported, the statement itself doesn't include any returns, COGS, shipping expense, eBay fees, etc. So it's not like all of sudden you've got to pay tax on an extra $20K of income. You'll deduct all those expenses, and others, when you do your taxes.[/quote]
I'd like to sell my car for $20,000, we purchase a Saturn Vue in 7/2008 and they went out of business 8 mo. later. Wow did my car lose value!