3 ms·

If you're accepting money from someone in exchange for a good (in this case, housing), you are a business.

• Karunamon 10y ago
  An interesting definition. One that I'm glad doesn't apply to the random junk I sell on eBay and Craigslist.
  • xapata 10y ago
    In fact it does! The IRS just doesn't bother to go after you for it, because it's not worth the effort.
    • Karunamon 10y ago
      No, the IRS doesn't bother to go after me for it because generally, those items are being sold at a loss.