I quit selling on eBay & still rec'd an Illinois tax form last year. It showed $$ received thru ..> Archived Message
Posted by IL Deb on January 6, 2022, 11:18 am, in reply to "New tax reporting rules and doll sales >>>"
Paypal. I NEVER make a profit on selling items from my doll collection but I also don't keep receipts of what I purchased vs the amount I sell for. Luckily for us, my husband's nephew is a CPA and does our taxes so he knows what to do but really, there is no $$ being made at our end from my hobby. I would like to continue selling on the boards and would love to ask people to pay by personal check or money order but I'm afraid that would turn people off. A dilemna of mine that keeps me up at night sometimes - all the while greedy & corrupt Illinois tries squeezing blood from us turnips.
|
Message Thread:
- New tax reporting rules and doll sales >>> - Kathleen in NKY January 6, 2022, 9:15 am
- I'm confused...(which is nothing new for me)... - Kathy in Dayton January 6, 2022, 5:36 pm
- I wonder how this will effect selling recently deceased peoples stuff? - George in NC January 6, 2022, 1:48 pm
- You just need to keep realllllly good records>>> - CherylStG January 6, 2022, 1:16 pm
- Yup, I totally agree with Deb and Sandy. I need to research this, but is $600 the just the threshold - Sue in ABQ January 6, 2022, 11:35 am
- I quit selling on eBay & still rec'd an Illinois tax form last year. It showed $$ received thru ..> - IL Deb January 6, 2022, 11:18 am
- My take is that this will effect the way I can sell - SandyNY January 6, 2022, 10:46 am
|
|