Do i file if i sold used items but made more than 400 in 2019? Some items were given to me and some i bought at little to know cost. Technically its still a gain for me?

160

Expert Alumni

Mar 5, 2020 6:19:22 PM

Per IRS rules, you must report all income, including income on casual sales if you made a profit. You must report all of your sales and expenses on Schedule C.

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Do i file if i sold used items but made more than 400 in 2019? Some items were given to me and some i bought at little to know cost. Technically its still a gain for me?