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Selling items at garage sales or on eBay may have tax implications

Published 05/31/2010, Alexandria Echo Press

Long before eBay existed, garage sales and classified ads helped people unload unwanted items. To figure out if sales have tax implications, H&R Block advises sellers to know how to determine if the resulting cash is reportable taxable income and if the IRS classifies the particular activity as casual selling, a hobby or a business.

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