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Do I have to file taxes selling online?
02-22-2014, 02:28 PM
Post: #7
tro Offline
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you will file this income on Sch C and if the net amount is $400 or more you also will use Sch SE to calculate your self employment tax
and it doesn't matter if the clothes are new or used, you are selling them and you pay taxes on the profit
and you need to find out if you will need to register with your state sales tax agency to charge and collect sales tax in your state
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Messages In This Thread
[] - Jim S - 02-22-2014, 01:32 PM
[] - NA - 02-22-2014, 01:37 PM
[] - Judy - 02-22-2014, 01:49 PM
[] - Bugsy - 02-22-2014, 02:01 PM
[] - Pascal the Gambler - 02-22-2014, 02:14 PM
[] - tro - 02-22-2014 02:28 PM
[] - StephenWeinstein - 02-22-2014, 02:40 PM

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