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.Word count: 598
The full article is available to newspaper subscribers. If you are a subscriber please log in to continue reading.