This is very helpful general information you all are offering here and I really appreciate it. My questions are about the case of selling household items, almost always at a loss rather than a profit.
I'm coming at this with assumptions, and my assumptions might be wrong. I view this topic as with stocks: If the IRS does not know one's cost basis, the cost basis is assumed to be zero.
I'm coming at this with assumptions, and my assumptions might be wrong. I view this topic as with stocks: If the IRS does not know one's cost basis, the cost basis is assumed to be zero.
For decades eBay did not have my Social Security number and now they have it. That's what I mean by something getting triggered.I noticed your phrasing of "trigger tax prep"
Statistics: Posted by Tabulator — Sat Aug 10, 2024 1:32 pm