Sale of Excess Personal Items on E-Bay In January 2017, Christopher had a big cleanout of his home in Indooroopilly and decided to throw out lots of

Sale of Excess Personal Items on E-Bay

In January 2017, Christopher had a big cleanout of his home in Indooroopilly and decided to throw out lots of unwanted possessions such as clothes, books, old CD's and DVD's as well as a cricket bat, tennis racquet, a bicycle and numerous other personal items. Christopher advises you that he originally acquired all of these items between October and December 2009 for approximately $2,900.

Instead of holding a garage sale at his house, Christopher decided to open up an E-Bay account and sold these items for a total of $1,076 over the course of two weeks

calculate his taxable income or tax return,