3 ms·
Every part of your statement is wrong. 1) Selling used goods at a loss is not deductible on your tax return unless you are in the business of selling used good
by gamblor956 5y ago
Every part of your statement is wrong.
1) Selling used goods at a loss is not deductible on your tax return unless you are in the business of selling used goods.
2) Unless you are selling a lot of tangible goods (i.e., you have a business selling things), you aren't even eligible to register for sales tax in most U.S. states.
3) If tax applies to the sale of a used good in this situation, it would be a use tax that is the responsibility of the buyer to report and pay.