How do you handle auction lots of multiple pieces that you sell on eBay? | Selling

treadstone68 · 2024-04-13T18:58:34.608000Z

Hello Hopefully not a dumb question that has been asked 40 times.... Most of the stuff I sell on eBay is sourced from estate sales and auctions. Quite often I get lots that contain several items, of which some are unrelatedsuch as a music box and a book. If I paid say $10 for the example lot given, and sell each item in it's own listing, is it okay to arbitrarily make the 'cost of goods' $9 for the music box and $1 for the book (as far as taxes go)? Or does it even matter? I try to make a best guess of what the value is of each item and split the cost of goods appropriately... does anyone do this differently?

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How do you handle auction lots of multiple pieces that you sell on eBay? | Selling | eBay Canada EN