"then you fill out a form showing your costs exceeeded the income. Voila, no tax on those sales. "
How do you prove your costs exceeded the income if the items you sold were from the 1960's, 1970's, 1980's, and 1990's (before the internet and 3rd party payments existed) and you either never obtained any paper receipts or saved any receipts? Does "Viola" mean you will wrongfully have to pay tax on the gross sales amount?
KrazzyKats • Volunteer Community Member • Buyer/Seller since 1998
