Subject:
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Brickshops and Taxes???
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Newsgroups:
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lugnet.market.brickshops
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Date:
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Tue, 8 Apr 2003 23:54:15 GMT
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Viewed:
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1375 times
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So I've been working on my taxes to Uncle Sam at the last minute and I'm a
bit puzzled on what to do with Bricklink and Ebay profits.
How is everyone fililng these funds? As what? Under what category?
I am completely lost but I'd like to do this right.
Any help or advice would be greatly appreciated.
sun
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Message has 1 Reply:
 | | Re: Brickshops and Taxes???
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| (...) Are you treating your Lego sales like a business? You would do that on Schedule C, listing all your expenses and revenues. Otherwise, it's non-taxable money, just as the profit from a garage sale would be. In other words, don't tell Uncle Sam. (...) (22 years ago, 9-Apr-03, to lugnet.market.brickshops)
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