But legally you don’t owe the tax since you lost money. You just legally I think have to track the price you paid and the price you sold it for and the documents to prove that couch from 1987 you sold for 5 dollars was not a profit.
The pain factor is huge which used to be a normal thing (such as cleaning the garage)
Hopefully they will just scrap the whole rule
The pain factor is huge which used to be a normal thing (such as cleaning the garage)
Hopefully they will just scrap the whole rule