LockedDiscussion interactions are currently paused.Buying & SellingChevronRightIconSellingChevronRightIconHello to everyone. I mostly sale my own used stuff, why I have to again pay income tax, not fare atHello to everyone. I mostly sale my own used stuff, why I have to again pay income tax, not fare attukin1915596View listingsPosted 3 years ago·Last reply 2 years ago 6 commentsComment Newestbuyselljack2016·2 years ago107View listingsWow.................... nearly a year. Time sure flys when we are having fun. simba6·3 years ago2323View listingsThe US government spends a LOT of money. dbfolks166mt·3 years ago1086View listingsThe US government spends a LOT of money. A LOT more than they collect in taxes. One of the few entities that can survive managing a budget in that manner. kh-ornesh·2 years ago0View listingsHi everyone, Due to the age of this thread, it has been closed to further replies. Please feel free to start a new thread HERE if you wish to continue to discuss this topic. Thank you for understanding. house*of*paws·3 years ago779View listingsHi @tukin1915 No one said you had to pay income tax on used items. You only pay tax on profit. If you sell a used item for more than you bought it for … then you may owe taxes on the profit … depending on other deductions you probably have. tukin1915OP2 years ago596View listingsi dont have recits on my used clothes, how i can proof it is no profit?????
buyselljack2016
·2 years agoWow.................... nearly a year. Time sure flys when we are having fun.
simba6
·3 years agoThe US government spends a LOT of money.
dbfolks166mt
·3 years agoThe US government spends a LOT of money.
A LOT more than they collect in taxes. One of the few entities that can survive managing a budget in that manner.
kh-ornesh
·2 years agoHi everyone,
Due to the age of this thread, it has been closed to further replies. Please feel free to start a new thread HERE if you wish to continue to discuss this topic.
Thank you for understanding.
house*of*paws
·3 years agoHi @tukin1915
No one said you had to pay income tax on used items. You only pay tax on profit.
If you sell a used item for more than you bought it for … then you may owe taxes on the profit … depending on other deductions you probably have.
tukin1915
OP2 years agoi dont have recits on my used clothes, how i can proof it is no profit?????