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Old 03-03-2011, 11:03 AM   #89 (permalink)
Join Date: Feb 2011
Posts: 13

There is no black and white; it's a case by case scenario.
Thanks for recapping this point.

But for the other item where someone cleans house one time on ebay and has $20,000+ gross sales.

You essentially are saying, as long as its a one time thing on a single return (not multi year) a person can file the proceeds of the sale on a schedule C as "personal property" without any recipts or proof of such?
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