@motherhustlersar: Don’t say I didn’t warn you… 🫶🏼 Tracking your expenses and income is very important if you don’t want to be stuck owing tons of money to the IRS when taxes are due! It’s very easy from that refund to go from getting money back to owing a big chunk in! You need to be saving 20% of all your sales to cover this! #vinted #hustle #reseller #SmallBusiness #resellerproblems
You only pay taxes on profit. If selling at a loss you don’t pay taxes on it….
2026-11-03 00:23:08
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Tabetha Whitaker :
Is this from an accountant? You're not getting a 1099 from them unless you sell more than $20k.
2026-11-02 21:10:57
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Justin Campbell :
I already paid taxes on it when I bought it the first time. They can get bent.
2026-11-03 22:27:00
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Lynn Barrow :
My $300 isn’t gonna do a thing for me
2026-11-02 21:11:19
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️Blakely❤️🔥 :
I just buy stuff on Vinted with the money I make so basically it’s free girl math
2026-11-14 10:04:45
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🦋 N I K K I 🦋 :
If your reselling for a profit, it's a business. Most people are selling items at a loss on there though.
2026-11-02 19:52:07
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Katie :
Every single thing I have sold has been a major loss to me lmao
2026-11-02 21:52:22
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X X :
FYI for those unfamiliar current threshold to receiving that 1099 (where you HAVE to report) is more than $20,000 in gross sales AND more than 200 transactions (both conditions must generally be met). This is per platform.
2026-11-02 17:54:18
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izzytotheizzoo :
Girl I haven’t even made $200 on there. I think I’ll be fine.
2026-11-02 19:28:27
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AshMass42 :
Personal items sold at a loss are not taxed like revenue like you would a small side hustle business. (former accountant and ran this by my CFO husband).
2026-11-03 02:45:33
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Moody Girls :
who told u this information?
2026-11-13 19:18:55
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Kristian Oneal :
Yeah I’ve only sold 12$ of stuff so I think I’m good 😂
2026-11-02 20:15:33
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Leighswhatnotshop2 :
You are legally required to report any sales over 600.00. I think most everyone has went over that.
2026-11-03 03:03:07
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blissful_arts_by_terra :
When you sell your own stuff for less than you bought it… that’s not income
2026-11-02 23:28:34
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Amber Ignasiak :
if you arent making money on your items (selling them for less than you paid) you dont have to claim them
2026-11-14 23:58:04
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user8121283203257 :
I paid taxes on my items when I bought them the first time! That is good enough 😂
2026-11-02 19:31:18
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Lucy :
Vinted isn’t made to flip items. Most people are at loss when selling on there.
2026-11-04 00:42:29
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Courtney Berridge :
I believe it’s mainly for resellers making over 20,000 and 200 transactions. Usually ever state is different, but I don’t think you have to technically report it unless it’s over $600. I sparked last year for Christmas and I made over $600 so that’s the only reason why I reported it and I didn’t have to pay anything in still.
2026-11-02 23:04:02
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Michelle Waters :
Can I show it as a loss? I’m selling -to clean out, like a yard sale. I’m suffering huge losses so…
2026-11-02 21:10:36
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Matt-Man :
You have to sell more then $600+ for you to have to claim it in taxes. If it’s below then you don’t have too.
2026-11-02 22:13:59
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EverydayMelinda ❌️ :
refund? i don't get a refund.
2026-11-02 19:26:18
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Sagittarius Serenity :
Dang… my $93 is going to wreck me
2026-11-02 22:08:46
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Abby :
they won’t tax me if i’m only 16 right
2026-11-02 19:48:09
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