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Is Ebay going to Pull Sales Taxes on Everyone's Sales?
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<p>[QUOTE="desertgem, post: 3712570, member: 15199"]Usually yard sales are not pursued by the feds or states, because of the assumption it is being sold for less than you paid for it and they would not warrant its pursuit. Some people do list such things on their tax forms as depreciation in businesses or rentals and that is usually reconciled on federal and state forms. Straight donations such as to Salvation Army, and others, can be deducted by the amounts suggested by various 3rd party data , such as that included in Turbotax (tm) or similar programs. The tax authorities do watch real estate and other large dollar sales more closely, IMO, Jim[/QUOTE]</p><p><br /></p>
[QUOTE="desertgem, post: 3712570, member: 15199"]Usually yard sales are not pursued by the feds or states, because of the assumption it is being sold for less than you paid for it and they would not warrant its pursuit. Some people do list such things on their tax forms as depreciation in businesses or rentals and that is usually reconciled on federal and state forms. Straight donations such as to Salvation Army, and others, can be deducted by the amounts suggested by various 3rd party data , such as that included in Turbotax (tm) or similar programs. The tax authorities do watch real estate and other large dollar sales more closely, IMO, Jim[/QUOTE]
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