Berkeley CSUA MOTD:Entry 16565
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2024/12/24 [General] UID:1000 Activity:popular
12/24   

1999/9/22-24 [Reference/Tax] UID:16565 Activity:nil
9/21    I started selling "widget" (will not say what it is) on EBay for
        the last couple of months on the side and have made a lot of
        money. Is that considered income, and is that technically
        taxable?                        -EBay guy with 250+ rating
        \_ let's rephrase this: "I'm making money selling stuff,
           is that considered making money? and is this subject to
           is this considered making money? Is it subject to
           the tax on making money?"
        \_ Generally, if it were important enough to the IRS, they'd
           let you know. So go ahead and sell, if you're doing something
           wrong, they'll let you know.
           \_ That could prove to be a very expensive lesson in US Tax Code.
        \_ Hey, I'm making money selling yer mom's special 'services'
           and am reporting and paying tax on it.
        \_ If you have to ask, you should hire a tax professional.
           probably be charging sales tax too.