View Single Post
  #11  
Old 10-16-2008, 02:39 PM
Archive Archive is offline
Administrator
 
Join Date: Mar 2009
Posts: 58,359
Default Whose tax relief plan are you for?

Posted By: Jeff Lichtman

Fred, the money received from the auction house isn't income but if you sold an item for more than what you paid for it then you have a capital gain. And a capital gain is a taxable event. Of course you should probably check with an accountant on this but I think it's pretty clear.

Reply With Quote