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| Topic | Selling on Ebay just got more complicated... |
| holy_bolt 05/11/22 6:54:03 PM #2: | castrejon04 posted... I sell Paper Mario 64 and make 3 times the original cost of the game, it is now considered as taxable income? This was always considered taxable income lol, you just didn't have to report it if it was below a certain amount per year. On the flip side, if you bought it and then later sold less than you paid for then it is not taxable income. The difference is now you may have to <i>prove</i> to the IRS that you sold it for less than you paid for it. Hope you kept the receipt for anything you list on eBay, no matter how long you owned it! --- If it was about babies we'd have universal maternal care. There would be no charge no matter how complex the delivery. But its not about babies, is it? ... Copied to Clipboard! |
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