Quote:
Originally Posted by Fballguy
Just to be clear...You have to declare garage sale taxes in the state of South Dakota?
I find that hard to believe. How is it income unless you're selling it for a profit?
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To be honest I have no idea of the exact details. All I know is what my WAY too honest accountant tells me what I have to do tax wise and that is what I do. I do know that over the last 30 years I have been audited by EVERYONE possible and never once had a problem.
When I was doing the side hustle of selling cards I paid sales tax on them. I have a life long friend that has a never ending rumage(garage) sale and he also pays taxes. We both based out "business" just outside city limits so we only pay(ed) state taxes and not city taxes.