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11-22-2023, 09:20 PM
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#6 |
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Senior Member
 
Join Date: Jan 2007
Location: Turlock, CA
Posts: 8,960
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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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