If you are concerned about taxable income and your consignment selling, finding answers can be a bit challenging. I wanted to share a quick link to the IRS.gov fact sheet about Reporting Auction Income and the Tax Gap. Here is an excerpt from that document that outlines what is taxable.
Saturday, February 05, 2011
Note: You should ALWAYS consult a tax professional with questions! This post will just help you become more informed and ask the right questions!
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