04-16-2022, 12:45 AM
Put on your big boy pants and keep proper documentation.
With documentation, things sold at a loss aren't taxed.
With documentation, profit on things held more than a year aren't taxed up to a threshold.
IT HAS ALWAYS BEEN THUS. We were supposed to report it all along, but we didn't. Just like sales tax on internet sales.
With documentation, things sold at a loss aren't taxed.
With documentation, profit on things held more than a year aren't taxed up to a threshold.
IT HAS ALWAYS BEEN THUS. We were supposed to report it all along, but we didn't. Just like sales tax on internet sales.