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Old 02-28-2018, 11:50 AM   #61
poster44
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Quote:
Originally Posted by rowrbazzle View Post
Ah, yes. That's it.

In some ways it seems "wrong" that if I sell my services for $600 I pay taxes, but if I sell my TV for $600 I don't. Tax laws are a mess, though, so I'm sure I'm missing something anyway.
You have a cost basis in your TV, which probably means you lose money on that $600 sale (no income to report,) although I heartily agree that tax laws are a mess.
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Old 02-28-2018, 02:11 PM   #62
bakerworld
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Received a 1099-misc for a sleep study I enjoyed in 2016 - I think it increased our tax base by $2.00
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Old 02-28-2018, 02:32 PM   #63
Plutofan2
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I bet most of the rentals that are reported on a personal tax return are shown on the incorrect 1040 schedule.
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Old 02-28-2018, 04:04 PM   #64
disney65
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Received a 1099-misc for a sleep study I enjoyed in 2016 - I think it increased our tax base by $2.00
I received an email from Newegg few days back reporting to CT DRS all purchases I made from 2014-16. So I spent $9.99 in 2014 and $12.99 in 2015. Waiting for my used tax bill from the state with penalty and interest.
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