Paypal Changes You Should Know About - Stepanchuk
Paypal Changes You Should Know About - Stepanchuk
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I am talking completely blind here, but I would ASSUME that if you sell it via a merchant such as eBay or Mercari, etc. you would be taxed. Just “sending” funds via friends and family wouldn’t count…I don’t think. I send money via PayPal friends and family almost daily. That doesn’t mean the transaction was necessarily a taxable sales transaction. Just my two cents, ain’t worth muchA question....
If you purchase say a lawnmower for $1,000, and then after using it a couple time you decide to sale it online for $800, will you have to pay taxes if someone pays you by Paypal or other online payment??? I mean you lost $200 in the transaction. In my opinion you should get tax credit for $200!!!
I am talking completely blind here, but I would ASSUME that if you sell it via a merchant such as eBay or Mercari, etc. you would be taxed. Just “sending” funds via friends and family wouldn’t count…I don’t think. I send money via PayPal friends and family almost daily. That doesn’t mean the transaction was necessarily a taxable sales transaction. Just my two cents, ain’t worth much
I am talking completely blind here, but I would ASSUME that if you sell it via a merchant such as eBay or Mercari, etc. you would be taxed. Just “sending” funds via friends and family wouldn’t count…I don’t think. I send money via PayPal friends and family almost daily. That doesn’t mean the transaction was necessarily a taxable sales transaction. Just my two cents, ain’t worth much