11-13-2014 11:17 AM
I am an international student. I just collect my old things to resale. The total value won't be more than two or three hundred dollars. I don't have ant other income. Should I claim this as my income for tax purpose? Thanks in advance.
11-13-2014 01:48 PM
Keep your paperwork in order, but basically you are running an online garage sale and the money you get is not taxable.
11-13-2014 01:49 PM - edited 11-13-2014 01:51 PM
11-13-2014 01:50 PM
11-13-2014 02:30 PM
Only if you make profit out of it, and you total net income $400 or more
Selling price - expenses - original cost = positive number
In you case of total gross sale of $300, NO