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re: The IRS is coming for your Venmo income
Posted on 6/8/22 at 4:38 pm to Mingo Was His NameO
Posted on 6/8/22 at 4:38 pm to Mingo Was His NameO
quote:
There's no new tax here, it's just leering the documentation thresholds to try to increase compliance, but the IRS has as much as said they don't have the ability and won't be enforcing this.
I have a brand new laptop I desperately want to sell right now. I need the money. However, I don't want to sell on eBay, because I don't want to get into any issues with reporting or documentation. Are you saying I can just do it and not worry about it?
1
Posted on 6/8/22 at 4:39 pm to beauchristopher
quote:
I have a brand new laptop I desperately want to sell right now. I need the money. However, I don't want to sell on eBay, because I don't want to get into any issues with reporting or documentation. Are you saying I can just do it and not worry about it?
if you sell it for what you paid for it or less you don't owe any income tax anyway
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