What should I put for the cost of personal items I am selling?

This is more of a tax question. We are not tax experts, and this is not tax advice. You should consult with a tax expert in your location to determine the best way to handle this.

That said, some Flipwise members put $0.00 for personal items, while others determine the market value of their personal used items and use that as the cost to lower their taxable income. Flipwise will support whatever you decide to do here.

If you choose to put $0.00 for your purchase price, note that Flipwise cannot calculate a value for Return on Investment (ROI) as it is mathematically impossible to get a return on investment of zero dollars. In this scenario, you will see the ∞ symbol for ROI.

Not Your Dad's CPA on YouTube has a pretty good guide for how to think about deducting personal items for your reselling business. You can watch it here: