Hello, I'm not sure if this question has already been asked. I'm selling portions of collectibles I've had over the years to pay for medical bills, food, rent etc. Some of my collectibles are worth a lot of money and some not. I primarily sell through PayPal goods and services but I am not selling as business to make profit. My question is how would this be reported considering purchases were made years prior and would I be penalized and forced to pay taxes on it?
Thank you
