Wasn't referring to the occassional sale on ebay of a "few" chips.

I'm not a CPA, but it seems to me that if someone is selling items on ebay week after week after week and "losing money" while doing so ... while depositing substantial amounts of paper trail checks in their checking account and boasts of a large seller's feeback number; it seems to me that one would be hard pressed to convince an IRS agent that they were "losing money" ... and that they were simply engaged in a hobby.

Even hobbiests are supposed to report their profits when they sell. Hell, you have to report dividend payments to the IRS of less than what some folks are making on ebay each day. Income is income no matter where it comes from.

Just this layman's opinion. Maybe Mr. Perlowski can enlighten us???