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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?

 
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AlanT222
Expert Alumni

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?

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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