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Re: Truck parts sold on EBAY
Here’s my question for when this actually kicks in…
Let’s say a guy buys old chevy truck parts for 40 years (possibly applies to some of us haha).
It’s a hobby, so he doesn’t save receipts.
He decides to clean up the barn and sells it all online.
Nets $20k.
He now owes taxes as if he is a business, and he had no way of proving otherwise.
What am I missing?
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Project " C10 Fever" (68 factory black 396 swb)
Project “ Faded Glory” (71 c10 med bronze original paint refresh)
Project " Little Sister" (70 c10 blue original paint refresh)
Project " Blue Bomb" (70 c30 blue original paint refresh) SOLD
Project " Vitamin C" (71 c10 orange original paint refresh) SOLD
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