During the last year I began selling my sneaker collection through 3rd party websites like StockX. Some items were sold for profit over retail price and some at a loss less than the retail price. Since these were items were purchased over a period of years will the sale of the items be looked (and taxed) as income?
The income you receive would need to be reported on your tax return and taxed
There are 2 ways to report the income.
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