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<p>[QUOTE=&quot;medoraman, post: 1373700, member: 26302&quot;]Correct. Sales tax is a tax on the transaction, not the asset itself. Garage sales have been, due to public pushback, excluded in many states, but it specifically has to be in the law as an exclusion since technically it would be required to be sales taxable. Its easy to get confused, but sales tax is on the transaction, it has nothing to do with gain/loss of what you are selling. Its simply the government taxing your &quot;right&quot; to sell something to someone else, and they make the buyer pay it, but may require the seller to collect it.[/QUOTE]</p><p><br /></p>

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