04-16-2022, 04:14 AM
This for stuff you SOLD, not for what you bought.
Who keeps receipts for everything they ever bought?
C(-)ris wrote:
[quote=Acer]
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.
Who keeps receipts for everything they ever bought?