ok so these all kinda go together but are difrent too . I was told by a local tax person that you can no longer claim your cost of selling items on we'll say ebay , there saying the new law did away with you as a person claiming cost of item , shipping matterial ect. unless your a LLC business ? so your total in sales 601.00 and higher is taxed ? what is the tax % and is this both state and Fed ?
next part if I do surveys for companys and they give me items I am being told you have to pay tax on those items at full retail value ?
dose this include free digital games if so ?
I don't run a business but in the past have done some sales and surveys i just don't want to end up oweing a ton in taxes when i am not realy making anything example I bought a camera for 1300.00 a couple years ago was going to sell it this year for 800-900 but after hearing this have not . any help would be great thanks
