To: Reno89519
And I still have no problem with people being audited for their income that they unreported. Everyone should be reporting their income, honestly and completely, let’s all play fair.So if I sell a guitar for say $1000 which I bought years ago for $800 I am now going to have to explain this to the IRS and you are OK with this? Why do you think the government has to be aware of ordinary citizens using nominal sums of money?
13 posted on
12/06/2022 4:57:14 PM PST by
frogjerk
(More people have died trusting the government than not trusting the government.)
To: frogjerk; Mark17
[So if I sell a guitar for say $1000 which I bought years ago for $800]
I completely understand.
Makes me want to open a taco stand in the Philippines these days.
92 posted on
12/07/2022 1:51:12 AM PST by
SaveFerris
(Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
To: frogjerk
You’d best be prepared to document your $1,000 cost of the guitar; that will be the issue. An acquaintance sold items on ebay briefly until he got a huge tax bill - and he couldn’t document the cost basis of many of the items sold.
101 posted on
12/07/2022 2:41:35 AM PST by
kearnyirish2
(Affirmative action is economic warfare against white males (and therefore white families).)
To: frogjerk
"So if I sell a guitar for say $1000 which I bought years ago for $800 I am now going to have to explain this to the IRS and you are OK with this? Why do you think the government has to be aware of ordinary citizens using nominal sums of money?" Hmmm... There should be a way to consider inflation in the deal... Maybe you actually LOST money.. (?)
113 posted on
12/07/2022 5:13:07 AM PST by
unread
("It's not enough that we do our best; sometimes we have to do what's required." W. Churchill.)
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