can selling stuff on the internet be considered taxable?

  • Thread starter Thread starter Brett S
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Brett S

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can selling stuff through websites, blogs, or ebay be taxable? please an individual answer to each one
 
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v b

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For income tax purposes, the IRS looks at how you acquired the item and how you are selling it.

Items purchased for resale would be a business or a hobby and tax would be paid on the profit.

Personal use items sold at a gain are taxable. Personal use items sold at a loss are not deductible.
 
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