Selling stuff online: personal property vs business income

Name: Selling stuff online: personal property vs business income
Duration: 78 s
Description: Personal property sales like garage sales aren't taxable, but regularly buying and reselling items may be treated as business income by the IRS.

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Clearing out your closet on Facebook Marketplace? That's personal property — not taxable, not reported. But if you're buying items online just to flip them, the IRS might see things differently. TJ explains where that line sits and how to figure out which side you're on.

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