In 2021, I bought an iPhone 11 from Back Market for $536.92. Last year, I changed my mind and I sold my 11 back to Back Market for $222.00. I wonder if I own any state taxes for selling it. I’m still new about the tax.
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Since you sold the phone for less than you purchased it for, you actually have a loss if it was a personal use phone.
Since you sold the phone for less than you purchased it for, you actually have a loss if it was a personal use phone.
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