I just started a little business, selling items in a local flea market. I have registered a business name with the state and feds, have an EIN and NC State sales and use tax number. I know I have to pay (charge, whichever way you look at it) sales tax on items sold at my business come the beginning of my tax year (march 1st).
BUT- If some items dont happen to sell in my store, and I decide to sell them on Ebay or Craigslist…etc, am I required to pay (report/deduct) tax money from that profit to be reported to the IRS/State?
Any advice, resources, and of course straight forward answers would be greatly appreciated.