Yes, it does create a business burden. However, many sales of personal goods have some sort of tax burden (not the same, but for example, when you buy a car fro

Yes, it does create a business burden. However, many sales of personal goods have some sort of tax burden (not the same, but for example, when you buy a car from an individual you are expected to pay tax on the purchase) I run a small resales business, and I do track COGS on sales. I often sell my personal items as well, and when I do, I just put the COGS as the sales price.