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PayPal & Income Tax Question
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09-11-2014, 02:35 PM
GregMitch34
Greg Mitchell
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Join Date: Oct 2011
Location: New York City area
Posts: 2,419
Let's say you by a card for $150 and sell it the next week for $200. Does that mean your "income" was $200? Or $50? Or separately you'd list $50 in a profit line? Or $150 as an "expense"? And would this apply to casual dealing, not a "business"?
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