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Level 3
posted Aug 31, 2022 9:31:24 AM

any tax for garage sale proceeds

Do we need to pay tax, if so, which tax forms to use, on garage sale proceeds?

Garage sale means selling old or unused stuff that I used to own.

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1 Replies
Level 15
Aug 31, 2022 9:33:31 AM

Personal items that you own and sell for less than the purchase price of the item are not reported on a federal tax return.