That is not how "income" works.

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Topic - Equipment sold online in 2022 will be taxable income! - mbnx01 14:45:18 04/30/21 (92)

RE: Equipment sold online in 2022 will be taxable income! - DDzStereo 04:31:59 05/2/21 (1)

But, I'll only sell to the 'wealthy' - jedrider 07:18:12 05/3/21 (0)

Audio Swap Meet Loop Hole ... - emailtim 21:42:53 05/1/21 (1)

That sounds like tax evasion. nt - Tre' 09:50:01 05/2/21 (0)

That is not how "income" works. - Chip647 05/1/2116:49:40 05/1/21 (6)

Sales tax is an issue.... - Rod M 19:44:59 05/1/21 (5)

RE: Sales tax is an issue.... - Mali 09:15:42 05/3/21 (0)

AFAIK eBay has been collecting a sales tax for the State of Az. for over a year now - Goober58 20:10:14 05/1/21 (3)

Ebay collects sales tax in every stste where it is required - Alpha Al 09:56:54 05/2/21 (0)

RE: AFAIK eBay has been collecting a sales tax for the State of Az. for over a year now - Rod M 21:07:20 05/1/21 (1)

RE: AFAIK eBay has been collecting a sales tax for the State of Az. for over a year now - Jonesy 11:03:56 05/2/21 (0)

RE: Equipment sold online in 2022 will be taxable income! - troutbum 05:47:54 05/1/21 (41)

Nope, capital gains tax is NOT double taxation... - Ivan303 08:08:41 05/1/21 (40)

Ivan 303 is completely correct.... - alan m. kafton 12:30:39 05/1/21 (6)

Reporting is a double-edged sword... - soldermizer 10:49:10 05/2/21 (5)

RE: Reporting is a double-edged sword... - rivervalley817 11:33:54 05/2/21 (4)

RE: Reporting is a double-edged sword... - JURB 12:39:38 05/2/21 (3)

"0%"? Not accurate. I typically put $20 to cover online sales tax. nt. - MWE 12:13:12 05/10/21 (2)

0% and you're lying. $20 and you just miscalculated? -nt - jedrider 12:30:16 05/10/21 (1)

RE: 0% and you're lying. $20 and you just miscalculated? -nt - rivervalley817 13:57:53 05/10/21 (0)

RE: Nope, capital gains tax is NOT double taxation... - Ross 09:52:45 05/1/21 (8)

YES- I am aware of the distinctions BUT--- - Ross 06:17:55 05/2/21 (4)

RE: YES- I am aware of the distinctions BUT--- - Kal Rubinson 08:51:09 05/2/21 (3)

Semanticly correct BUT - Ross 14:59:42 05/2/21 (2)

You say that you understand but that you don't care. (NT) - Kal Rubinson 19:06:09 05/2/21 (0)

RE: Semanticly correct BUT - rivervalley817 15:32:42 05/2/21 (0)

RE: Nope, capital gains tax is NOT double taxation... - alan m. kafton 12:29:21 05/1/21 (0)

RE: Nope, capital gains tax is NOT double taxation... - rivervalley817 10:31:27 05/1/21 (0)

You are confusing two differing taxes... - Ivan303 10:25:41 05/1/21 (0)

Arguments Over Taxation....... - Todd Krieger 09:33:31 05/1/21 (6)

RE: Arguments Over Taxation....... - BubbaMike 21:47:37 05/16/21 (0)

It's only legalized theft if you don't live in any sort... - MWE 10:43:14 05/7/21 (3)

RE: It's only legalized theft if you don't live in any sort... - Inmate51 11:22:50 05/10/21 (2)

What I read was, "all taxation is theft". That indicates a belief by... - MWE 12:33:20 05/10/21 (1)

RE: What I read was, "all taxation is theft". That indicates a belief by... - rivervalley817 13:50:00 05/10/21 (0)

And there we have it... - musetap 10:54:38 05/1/21 (0)

RE: Nope, capital gains tax is NOT double taxation... - Utley1 09:19:19 05/1/21 (15)

Buy a home for $200,000.... - Ivan303 09:49:30 05/1/21 (14)

RE: Buy a home for $200,000.... - Utley1 10:03:56 05/1/21 (13)

If I find a Rembrandt at a garage sale... - Ivan303 10:33:01 05/1/21 (12)

Psssst.... - tinear 12:42:22 05/1/21 (0)

RE: If I find a Rembrandt at a garage sale... - rivervalley817 10:54:30 05/1/21 (0)

RE: If I find a Rembrandt at a garage sale... - Utley1 10:51:19 05/1/21 (1)

RE: If I find a Rembrandt at a garage sale... - rivervalley817 11:15:37 05/1/21 (0)

RE: If I find a Rembrandt at a garage sale... - Utley1 10:47:17 05/1/21 (7)

Hmmmmm........ - Ross 15:11:13 05/2/21 (0)

A Giotto? I could only find this: - tinear 12:48:16 05/1/21 (4)

RE: A Giotto? I could only find this: - Utley1 13:15:35 05/1/21 (0)

RE: A Giotto? I could only find this: - Utley1 13:03:19 05/1/21 (2)

I wouldn't burn a Cimabue in the fireplace... nt - tinear 06:37:57 05/2/21 (1)

RE: I wouldn't burn a Cimabue in the fireplace... nt - Utley1 08:47:41 05/2/21 (0)

RE: If I find a Rembrandt at a garage sale... - rivervalley817 11:09:35 05/1/21 (0)

Thank you for your vigilance in destroying misinformation. Bulls-eye! nt - tinear 08:24:01 05/1/21 (0)

RE: Equipment sold online in 2022 will be taxable income! - rivervalley817 21:12:09 04/30/21 (5)

RE: Equipment sold online in 2022 will be taxable income! - itolduso1000timesb4 07:52:29 05/1/21 (0)

RE: Equipment sold online in 2022 will be taxable income! - troutbum 05:51:26 05/1/21 (2)

RE: Equipment sold online in 2022 will be taxable income! - rivervalley817 10:14:15 05/1/21 (1)

good post. nt - Tre' 09:59:50 05/2/21 (0)

yeppers (nt) - mhardy6647 04:38:09 05/1/21 (0)

I don't know if a hobbyist would be required to pay such a tax. - Goober58 20:58:26 04/30/21 (12)

"expert tax advice from a tax professional" - mhardy6647 04:37:30 05/1/21 (4)

We are fortunate that we seem to have much expert tax advice just right here at AA... - musetap 11:00:04 05/1/21 (3)

RE: We are fortunate that we seem to have much expert tax advice just right here at AA... - rivervalley817 13:12:47 05/1/21 (2)

Well... if I had anything better to do than... - musetap 13:49:48 05/1/21 (1)

RE: Well... if I had anything better to do than... - rivervalley817 18:43:21 05/1/21 (0)

RE: I don't know if a hobbyist would be required to pay such a tax. - rivervalley817 21:18:58 04/30/21 (5)

Many here rapidly jumping to probably inaccurate conclusions. nt. - MWE 10:38:24 05/7/21 (1)

RE: Many here rapidly jumping to probably inaccurate conclusions. nt. - rivervalley817 15:21:04 05/7/21 (0)

RE: I don't know if a hobbyist would be required to pay such a tax. - troutbum 05:53:01 05/1/21 (1)

RE: I don't know if a hobbyist would be required to pay such a tax. - rivervalley817 10:18:26 05/1/21 (0)

RE: I don't know if a hobbyist would be required to pay such a tax. - Todd Krieger 21:49:20 04/30/21 (0)

RE: I don't know if a hobbyist would be required to pay such a tax. - pictureguy 21:12:06 04/30/21 (0)

RE: Equipment sold online in 2022 will be taxable income! - hahax@verizon.net 20:36:23 04/30/21 (0)

RE: Equipment sold online in 2022 will be taxable income! - Todd Krieger 16:21:37 04/30/21 (9)

That has a nice stereotyped populist sound to it... - MWE 10:34:21 05/7/21 (0)

RE: Equipment sold online in 2022 will be taxable income! - LtMandella 16:09:11 05/1/21 (7)

RE: Equipment sold online in 2022 will be taxable income! - Todd Krieger 12:56:39 05/3/21 (6)

RE: Equipment sold online in 2022 will be taxable income! - Joe Backer 22:58:11 05/9/21 (0)

RE: Equipment sold online in 2022 will be taxable income! - LtMandella 13:10:42 05/3/21 (4)

RE: Equipment sold online in 2022 will be taxable income! - ChesshireCat 21:46:05 05/3/21 (3)

RE: Equipment sold online in 2022 will be taxable income! - rivervalley817 21:08:14 05/4/21 (0)

RE: Equipment sold online in 2022 will be taxable income! - LtMandella 22:07:36 05/3/21 (1)

RE: Equipment sold online in 2022 will be taxable income! - ChesshireCat 19:37:19 05/4/21 (0)

As it should be - it's a business for many, and as such, taxable - mhardy6647 15:34:49 04/30/21 (8)

Do carry forward losses count? - E-Stat 16:11:19 04/30/21 (5)

RE: Do carry forward losses count? - pictureguy 21:16:37 04/30/21 (3)

How did he make $1,250 on something he bought for $2,050 and sold for $800 - Road Warrior 03:27:10 05/1/21 (2)

Yeah - E-Stat 07:17:28 05/1/21 (1)

RE: Yeah - pictureguy 10:41:35 05/1/21 (0)

dunno, check with your CPA ;) (nt) - mhardy6647 17:07:53 04/30/21 (0)

Well, we've heard from the Joe Biden voters - mbnx01 15:37:24 04/30/21 (1)

Well according to the new rule they don't care if you sell a 50 buck - kff 20:35:16 04/30/21 (0)

Follow Ups

That is not how "income" works. - Chip647 05/1/2116:49:40 05/1/21 (6)

Sales tax is an issue.... - Rod M 19:44:59 05/1/21 (5)

RE: Sales tax is an issue.... - Mali 09:15:42 05/3/21 (0)

AFAIK eBay has been collecting a sales tax for the State of Az. for over a year now - Goober58 20:10:14 05/1/21 (3)

Ebay collects sales tax in every stste where it is required - Alpha Al 09:56:54 05/2/21 (0)

RE: AFAIK eBay has been collecting a sales tax for the State of Az. for over a year now - Rod M 21:07:20 05/1/21 (1)

RE: AFAIK eBay has been collecting a sales tax for the State of Az. for over a year now - Jonesy 11:03:56 05/2/21 (0)

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