3073554
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

So I was unemployed in 2022 and didn’t think I needed to file a return but the IRS website looks like it is still waiting for me to file. What should I do? Ty

I’ve never heard of health insurance from the Marketplace. What is that? 

So I was unemployed in 2022 and didn’t think I needed to file a return but the IRS website looks like it is still waiting for me to file. What should I do? Ty

The other little money I made was from selling a few personal belongings on FB Mrktplace like a JBL Speaker, an American Flag, and two pieces of artwork that I bought prints and had them matted n framed. Those sold on Ebay for like $1,100 & $800. 

So I was unemployed in 2022 and didn’t think I needed to file a return but the IRS website looks like it is still waiting for me to file. What should I do? Ty

Is there a way to unsubscribe from all the badges emails only? They are ridiculous w/ these things. I’ve gotten like 20 emails just about badges earned. Its ridiculous!! I hit unsubscribe on one of them, but I’m worried I won’t be notified if someone responds to my messages. 

So I was unemployed in 2022 and didn’t think I needed to file a return but the IRS website looks like it is still waiting for me to file. What should I do? Ty

@kinetickutz - alot to unpack here.

 

1) on the personal items: if you sold them for less than you originally purchased them for, then that is not reportable on your income tax form.  If you sold them for more than you orignally purcashed them for that PROFIT needs to be reported.

 

2) on the items you purcashed (the artwork), and then sold on Ebay, the PROFIT needs to be reported.

 

if the PROFIT on the items noted above exceeds $400, then you must file a tax return.  That PROFIT is subject to a 15.3% self-employment tax (bascially it is Medicare and Social Security tax).  If the PROFIT (if 2022) exceeds $12950, there would be "income tax" (which is separate from the self-employment tax)

 

does that help?

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question