do you have to pay taxes on garage sale income

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Garage Sale Money and Capital Gains | H&R Block

No matter what is sold (it’s a treasure to someone) or how often, all taxpayers who make a profit on a sale are obligated to report that money as taxable income …

Garage Sales and Occasional Sales

you are not required to collect sales tax. you are an individual who does not have, and is not required to have, a sales tax permit. you sell taxable items …

Do You Owe Tax on Your Garage Sale or Online Sale … – LSNJLAW

If your online sales (eBay or some other online service) are the Internet equivalent of an occasional garage or yard sale, you do not have to report the sale on …

Raking It In At Summer Yard Sales: Does Uncle Sam Get A Cut?

22 Jun 2014 The bottom line is that most yard sales – even virtual ones – for personal items do not affect your taxes. What if you find that youre good at …

Garage Sale Taxes – William Vaughan Company

20 May 2015 Per the IRS website, if you have infrequent garage sales you generally do not have to report the sales on your income tax return.

Reporting taxes on online activities | FTB.ca.gov

22 Sept 2021 If your online auction sales are similar to the occasional garage or yard sale, you generally do not have to report the sales. You may have …

A Tax Filing Factsheet for eBay Sellers – TurboTax Tax Tips & Videos

27 Nov 2021 You may not have to pay tax at all if you are essentially hosting an … garage or yard sale, you generally do not have to report income …

AG – Schuette’s New Consumer Newsletter Answers Common …

Do You Need to Pay Taxes? · Income Tax: Unless an individual holds yards sales regularly or as a business, income tax is not required to be reported. Losses are …

Do You Need to Report Your Online Sales to the IRS? – FindLaw

1 Feb 2021 The rule of thumb is that if you used the items and then sold them for less than you bought them for, then you owe no taxes on the sale. However …

Sales From Your Home

10 Sept 2019 Most garage sales are not subject to the sales tax registration requirements and the sellers are usually not required to collect sales tax.

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