Vinted&co: we explain how to file your 2024 tax return if you sell a lot of second-hand goods

Is what you earn on Vinted, Vestiaire Collective, LeBonCoin, Depop or other second-hand sites taxable? This is the big question that people used to selling second-hand things might ask themselves when it comes time to file their 2024 tax return.

Do we have to declare to the IRS how much we earn on Vinted, LeBonCoin, etc.?

In general no, what you earn on Vinted, Vestiaire Collective or even LeBonCoin is not taxable.

Unless it is an item that you sell on a second-hand site for more than €5,000 and you earn on this saleas Vinted summarizes on his site:

“In France, profits generated from the sale of a personal item may be taxable if its amount is more than 5,000 euros and if profits are generated from that sale (i.e. if the sale price is higher than the purchase price). »

This is rarely the situation of individuals, rather that of professionals who already know these rules, in general.

Thenmost sites like Vinted will let you know if you’re interested..

Furthermore, these digital platforms have an obligation in Europe to provide states with the amounts of transactions carried out there.

They often share this report with people passing by: how many items you bought and sold, how much you earned, etc.

On the other hand, if you sell a lot it is possible that Vinted or other second-hand platforms will ask you to fill out a report “DAC7” (designates tax information relating to collaborative economy platforms, reports the government website). This does not mean you will be taxed. This is mainly to further inform the tax authorities.

In what case should we inform the Tax Office about what we sell on Vinted, LeBonCoin, etc.? And how ?

But what does “a lot” mean for taxes? As Vinted specifies on its website, you must meet at least one of these two criteria to be required to complete a DAC7 report :

• Have made 30 or more sales during the calendar year.
• Have generated earnings exceeding €2,000 during the calendar year.

Even if you are affected by one of these two criteria, or both at the same time, it does not mean that you will have to pay taxes on your winnings. In fact, the sale of personal items is not taxable, under the current state of French legislation. Unless you sell an item for $5,000 (or more) and a profit is generated from that sale (if the sales price is higher than the purchase price).

To complete a DAC7 report, Vinted has a clear page on the topic. Please note that this form will still be pre-filled and you will only need to verify the information and add your tax code.

It’s typically around November that Vinted or others contact you if you’re concerned about this DAC7 report story.

What changes in the 2024 tax return regarding Vinted, LeBonCoin, etc.?

In summary, nothing major changes regarding Vinted’s 2024 tax return and other digital sharing economy platforms, compared to previous years. What changes is only the way of informing the tax authorities, through a DAC7 report.

But the tax criteria remain the same: you are not taxable, as long as you do not sell an item for more than €5,000 when it had cost you less initially.

Should you report your children’s Vinted income for tax purposes? And how ?

If your children have a personal Vinted account that earns them money, this may also affect your tax return. Minor or not, the criteria are the same:

• Have made 30 or more sales during the calendar year.
• Have generated earnings exceeding €2,000 during the calendar year.

And for this, If your minor child related to your household made 30 or more sales during the calendar year and/or generated earnings in excess of €2,000 during the calendar year, you may be required to complete a DAC7 report to notify the tax authorities.

Same criteria for your adult child if they are still related to your tax family.

This TikTok video summarizes what you need to remember about Vinted and taxes