Hello,
If I buy a used electronic from from a private party through Craiglist and use it for couple of months and then sell it for price lower than my purchasing price. Do I need to report anything anywhere. Also do I need to pay sales tax or any other tax while buying things from Craiglist. Is there any limit on how many times I can purchase and sell it back on Craiglist. I am buying things for my personal uses. I will buy things , use it for some time and then sell it back.
