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"IRS May Consider eBay Sales Taxable Income"







"IRS May Consider eBay Sales Taxable
Income"

"IRS May Consider eBay Sales Taxable
Income"
03/28/2005 01:21 PM

Uncle Sam's gotta get his cut, too:

"The big issue is whether you're doing it as a business or not."

[...] If someone is selling the junk that is collecting dust in a garage or basement, then that person probably is getting less than he paid for it — no profit here. But if someone is buying goods in bulk from a wholesaler and hoping to make a couple extra bucks reselling each one, then that person could have just started a profitable business, Fooden said.

Via Drudge.




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