Thank you so much. Your explanation - "The tax law would not uphold a capital gain transaction of investment property with expenses on a Schedule C for the same...
In brief, though these seem to be 'personal' items, I think that I'm operating a business for profit and will definitely generate one over the next several year...
Thanks - I think I mostly understand the business versus hobby difference. From the initial post, I am selling items that I would have considered 'personal item...
Thanks - I think I mostly understand the business versus hobby difference. From the initial post, I am selling items that I would have considered 'personal item...
Thanks. So Schedule C would work out to be a net loss each year, but that wouldn't matter as I am reporting all those capital gains. (It will take me several ye...