In article <b4cbfbf2-97c5-40e9-aa73-5e335c8ed4ae[at]u72g2000hsf.googlegroups.com> ,
netvoy <netvoy[at]hotmail.com> wrote:
- quote -

Stuff you bought and used, and are now selling? If you sell at a
profit, Schedule D. If you sell at a loss, you don't report it.

- quote -

Where are you getting it from?

Seth

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >

"netvoy" <netvoy[at]hotmail.com> wrote in message
news:b4cbfbf2-97c5-40e9-aa73-5e335c8ed4ae[at]u72g2000hsf.googlegroups.com...
- quote -

What do you mean by the sale of personal property? Are you talking about
some sort of garage sale?



- quote -

<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >

How do you go about declaring income generated from the sale of
personal property. I mean supposed you sold $1800 worth of copper and
$500 of brass. Or if you were to generate small amounts perhaps $50 to
$300 per week will this then become a business. I fail to see where
this is self-employment but have to figure out how to report this
income; yet it does not necessarily constitute a business. It is not
very clear; feedback appreciated.....

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >