Message:

<p>[QUOTE=&quot;Vess1, post: 360917, member: 13650&quot;]&quot;Technically&quot;, you&#039;re right, but how many people REALLY claim capital gains on what they sell?&nbsp; I understand what this guy is doing may be different since he&#039;s going to be close to an internet business, but probably without an employer ID #.&nbsp; You know there&#039;s millions of people out there that bought an old car or an old mower, fixed it up, turned around and re-sold it for cash and it was never claimed.&nbsp; </p><p>&nbsp;</p><p>&nbsp;I bet the people that don&#039;t report gains compared to those who do in this country are at least 100 to 1, if not many more.&nbsp; </p><p>&nbsp;</p><p>&nbsp; I usually take a beating on everything I sell so it&#039;s never mattered to me.&nbsp; I&#039;m not advocating trying to skate the system but I think some people here are giving a government agency WAY too much credit.&nbsp; I guess it depends on what you&#039;re doing.</p><p>&nbsp; To think they&#039;re able to micro-manage beyond the W-2s and 1099s that are sent to them by employers and banks I think is really a stretch.&nbsp; &nbsp; Besides the fact you have about a 1% chance of being audited if you make over 200,000 a year.&nbsp;&nbsp; They focus much more of their attention on the wealthy, because it may turn out to be actually worth their time!&nbsp; </p><p>&nbsp;</p><p>&nbsp; For how much the OP is worried about this, I&#039;m thinking anonymously paying your ebay sellers fees is starting to look better all the time.&nbsp; At least for the initial practice to see how you do.&nbsp; If you just want to do it for a hobby, you&#039;d probably be safer and better off without your own website.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in