How does taxes work in the USA, for selling expensive items?
That question recently crossed my mind, for numerous reasons.
In France, it seems that an individual (that do not have any company) that buys for resseling have to declare it if it's over 305 euros. And it's about 30% taxes. On the sale, not the margin.
But how does that work in the USA?
Do people that flips books are supposed to claim it (and pay a % of sale)?
What about people that sells lettered from their collection?
From what I read, in France, we don't have to declare a sale from your collection (contrary to something bought for reselling, but how do you define that?) if it's worth less than 5K.
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Your supposed to report it. Book collecting would be considered a hobby by the IRS and any income generated from selling books is supposed to be reported. It is a simpler reporting then a business expense though. Mainly because if your doing this as a hobby your unlikely to be keeping detailed accounting.
Flipping books/reselling would be considered business income and needs to be reported as such.
Not sure if there are minimums for reporting Or if it is all covered.
I wanna show off our new rottie
My new puppy Bea...
My younger daughters don't remember our dogs as puppies so I thought it was time they had the experience.
https://drive.google.com/file/d/1MhU...w?usp=drivesdk
Cute pup!
You don't know my kind.....You don't my mind.....Dark necessities are part of my design.....
Dogs do taste better than swan.
Dog has a liver taste to it no matter how you cook it, I'm not a big fan ... but if you like liver you'd probably like dog.
WANT LIST: Any SK #186; Dark Man Unbound 1st Proof; FDNS Unbound 1st Proof; FDNS Black Tape Spine Proof; FDNS Unbound Color Proof
28 in 23 (?)!!!!
63 in '23!!!!!!!!!!
My Collection: https://www.thedarktower.org/palaver...ion-Merlin1958
The Houston Astros cheated Major League Baseball from 2017-18!!!! Is that how we teach our kids to play the game now?????
I've eaten it both cooked with vegetables as a stew and cooked in its own blood; same result both ways, it has that liver flavor which I'm not a fan of. To answer the question, the Philippines around 1990 sometime; chicken, beef and pork were not readily available or cheap, so dog was an alternative. I actually had it at a kid's birthday party.Really? How can you tell when they mix it with all that Soy, Teriyaki sauce, rice and vegetables?
WANT LIST: Any SK #186; Dark Man Unbound 1st Proof; FDNS Unbound 1st Proof; FDNS Black Tape Spine Proof; FDNS Unbound Color Proof
How many people in my avatar?
11-13 depending on when you look!
28 in 23 (?)!!!!
63 in '23!!!!!!!!!!
My Collection: https://www.thedarktower.org/palaver...ion-Merlin1958
The Houston Astros cheated Major League Baseball from 2017-18!!!! Is that how we teach our kids to play the game now?????
My Collection
https://www.thedarktower.org/palaver...ction-MikeDuke
My Suntup Flikr page
https://www.flickr.com/people/190710085@N03/
28 in 23 (?)!!!!
63 in '23!!!!!!!!!!
My Collection: https://www.thedarktower.org/palaver...ion-Merlin1958
The Houston Astros cheated Major League Baseball from 2017-18!!!! Is that how we teach our kids to play the game now?????
Indeed, not if you are in it.
You're the kind of person that attends large gatherings of family and their friends and yet finds himself tragically alone in a dark corner of the room, invisible to all around you. Even the Corona Virus avoids you, your pocket protector, your stained "Jorts" and your decal covered laptop that is your only friend in the world. Normally I would pity someone such as yourself, but you don't deserve pity. You're too much like a nasty open rash on a baby's ass that just won't go away no matter how many doctors are consulted or salve's and cream's that are applied. It is sad though. Very sad. Especially for your parents who must endure your existence daily and up close, reminded repeatedly of the twisted, flawed and failed result of their then innocent copulation. Wishing over and over again that you could have been wiped away on a motel face cloth or remained in the reservoir of a cheap prophylactic, ribbed for her pleasure. Only this missed opportunity would have helped to restore some sense of dignity and happiness to their union.
28 in 23 (?)!!!!
63 in '23!!!!!!!!!!
My Collection: https://www.thedarktower.org/palaver...ion-Merlin1958
The Houston Astros cheated Major League Baseball from 2017-18!!!! Is that how we teach our kids to play the game now?????
Bill; wow! Here I was thinking Br!an was an alright guy. Opinionated-Yes, often mistaken or wrong-No. Little did I know that his parents resent having had him. Did they tell you that personally, or is that just your opinion?
Wow! That space in your head just went down in value.
"One day you're going to figure out that everything they taught you was a lie."
My OCD got so bad it is now CDO. I have to alphabetize everything.
This drives me nuts...
But this is perfect...
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