[Getter-Done]

Originally Posted by 68bowtie

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?

This is Why I Sell most of my stuff at Swap Meets.