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To: STARWISE

Yard sale police; coming soon to a city near you.

Better report those pair of pajamas you sold to the neighbor kid!


15 posted on 06/23/2008 10:15:06 AM PDT by Southerngl
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To: Southerngl
Yard sale police; coming soon to a city near you.

No problem, I'd be thrilled in fact. If they insist on making yard sale proceeds into business income, then the original purchase is a purchase of inventory which is deductible as a business expense, so I'll show a loss, which will be a net SUBTRACTION from my tax bill.

56 posted on 06/23/2008 2:19:59 PM PDT by Still Thinking (Typical white person)
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