Taxes On Consignments - Net54baseball.com Forums

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09-17-2013, 05:47 PM

iwantitiwinit iwantitiwinit is offline

rob.ert int.rieri

Join Date: May 2009

Location: NC

Posts: 2,810

It's all going to depend on whether you receive a 1099 from the auction house. If you receive a 1099 the revenue will have been reported to the IRS and you will be obligated to report the income. IF you have not received a 1099 you are still required to report the gain and loss however the IRS will not have received notice of your receipt of funds from a third party.

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