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MichMan

(16,718 posts)

1. You are supposed to self declare all income on taxes; there is no dollar figure exemption.

Reply to Paper Roses (Original post)

Thu Jan 15, 2026, 03:27 PM

Thursday

Regardless of the amount.

Those amounts you were referring to was about Internet payment sources being required to report payments to the IRS; it had nothing to do with owing taxes. That $600 you were referring to was passed in 2021; that was changed this year to be $20,000.

With the standard deduction plus the additional $6000, it is unlikely that you would still owe anything even with the extra sales.

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Is there some information you can provide me about selling personal household goods? [View all] Paper Roses Thursday OP

You are supposed to self declare all income on taxes; there is no dollar figure exemption. MichMan Thursday #1

I'm also 83. We just sold our house last month. We weren't forced to. We just wanted to. 3Hotdogs Thursday #2