Quote:
Originally Posted by Peaches
The only thing I've sold on Ebay was my Mac Powerbook and I took an $800 loss on that. I'm safe....so far!
Plus it was my understanding that unless you're buying things to resell, you're exempt from tax because you've already paid taxes on it. For instance, it's like a garage sale.
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I always wondered about that... thinking about getting rid of some things around the house and was contemplating the suck of possibly having to pay taxes twice.