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As it should be - it's a business for many, and as such, taxable

That said, only profit should be taxable. I.e., buy something for $500, sell for $1000, $500 should be taxable.

Keep receipts!

If you don't currently use a CPA, you might want to start.
We started using one to do our taxes when I retired and started a small consulting LLC. I love having the CPA do our taxes!!


all the best,
mrh


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