Dave A Posted October 15, 2022 Author Share Posted October 15, 2022 4 hours ago, oldtimer said: To make sure you understand: No, it is not taxable income to you. Sales of a person's items for less than purchase price is not taxable income, per the IRS. The real issue is that now there may be more paperwork involved to show them that fact. Basically, it can be described as unnecessary meddling and a nuisance to the honest public. It is deliberate as how many saved receipts once the warranty is up? Tax audits can go back three years if I remember right but taxation on your own items you are selling for less then you paid somehow have to now have records forever? It is nothing more then they need more of your money so they can spend three dollars for every new dollar they find. 1 Quote Link to comment Share on other sites More sharing options...
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