Taxes - Schedule C
What is the best way to verify the cost of an item that was given to you that you sold at a profit but you have no receipt as the item was old?
2 comments
What is the best way to verify the cost of an item that was given to you that you sold at a profit but you have no receipt as the item was old?
caldreamer
·1 year agoIf item was a "gift" your "cost of goods" is zero.
jonathanbrightlight
·1 year agoIf something was given to you, your cost was $0.