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Retirement tax questions
Thank you for your help! My only other questions are would I need records of how much I originally purchased what items I sold for as well as what I sold everything for? I purchased many of the items quite some time ago hence my apartment/closet purge. Should be easy looking up current value of many of the things I sold to show I took a loss. Also I don’t want it to seem like I’m evading taxes so would it just be better to file something so I don’t get penalized or something? I don’t want it to seem like I’m avoiding paying taxes/is there a way to make it clear I took a loss if I don’t file it? I just want to do what’s right whatever the best way is filing it or not. I hope these aren’t silly questions. I’ve never had this issue come up before when I’ve filed previous. Thank you again for all of your help! I really appreciate it.
June 7, 2019
4:13 PM