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RE: Equipment sold online in 2022 will be taxable income!

'if I buy a two thousand dollar amp and sell it for a thousand dollars that's a thousand dollars of taxable income'

actually, after depreciation, it's either a capital gain or a net loss

you just described a loss on the sale of real goods, not income on services

the Uber and Lyft drivers of the world will definitely be affected, but the bloke who runs through used gear in flips? meh.

save your receipts, set up a spreadsheet, apply reasonable depreciation

if you're an Ebay seller [etc.] of any volume you should be doing this anyway ... but the sky's not falling here gents

with regards,







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