I sold some items at a consignment store and received about $400.00. The unsold items worth $800 were donated to the church which ran the store. Is the $400 income?

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I sold some items at a consignment store and received about $400.00. The unsold items worth $800 were donated to the church which ran the store. Is the $400 income?

Not if they belonged to you originally and were sold at a loss. You can't take a loss on personal use items, but if you sold at a gain, you must report it.

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