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When selling household belongings do you claim it as income?
If you are a individual taxpayer and you sell your household items at more than they cost you and you make a profit on them then you would have some income that you would have to report on your 1040 income tax return. If you are in the business of selling household belongings then you are a self employed taxpayer and will have to use the schedule C of the 1040 income tax return to report your gross sale and expenses from your business operation.
What does revenue income mean?
Revenue is income that is basically income such as, income, income and more income. Do You Understand ?!
If Minor child receives 1099 income does he have to file tax return?
Presuming you claim him as a dependent, his income becomes yours. What the rules try to make sure that a parent can't have some income go to his children, who would have a much lower tax rate than the parent. It must be taxed at the parents rate. See the question "How much income do you have to earn before you file income tax?" which I'll try and link below too for more.
How much is 70.00 plus tax?
That's really hard to say... first i would have to WHAT STATE YOUR IN... and for that matter WHAT COUNTRY YOUR IN AND if your BUYING SOMETHING, SELLING... if its EARN INCOME OR CAPITAL GAIN MONEY. you have to be more clear...
Is it necessary for someone who receives cash from an employer to claim taxes on the income?
Legally, yes. And of course by letting yiur employer do less, you miss out on all the benefits he shoud be paying for...your FICa, unemployment, disability, etc, insurance and more
Is selling a home for more than you paid for it considered income?
NO
The additional income from selling one more unit of a good?
Marginal Revenue
Why do companies use advertisement?
they advertise so that their product or business gets more popular and receives more money and income in the business.
Why companies use advertisements?
they advertise so that their product or business gets more popular and receives more money and income in the business.
If the father receives a large settlement does he have to give more child support?
Generally, child support is based on income, not assets.
Who has to file income taxes in Illinois?
Anyone with any income, or even without an income can file. You are required to file Federal taxes if you made more than $1,800. Illinois requires anyone that earns or receives income in the state to file state taxes.
Does selling of one business to buy another count as income?
Yes, if you make more money selling the business than you spent buyingand starting the new one. You do have to show paperwork on boththe buying and selling.
When selling household belongings do you claim it as income?
If you are a individual taxpayer and you sell your household items at more than they cost you and you make a profit on them then you would have some income that you would have to report on your 1040 income tax return. If you are in the business of selling household belongings then you are a self employed taxpayer and will have to use the schedule C of the 1040 income tax return to report your gross sale and expenses from your business operation.
Why does it cost so much to advertise on tv?
Advertisement is expensive on TV, because by selling the time for commercials is the channels source of income. If more and more people are watching the channel, than more valuable is the time between the programs. By selling the commercial time for higher rate, the bigger is the channels income. The more money they have the better programs the channel can prepare. The better programs there are the more people are watching the channel. The more people are watching the channel, the more potential customers the commercials can reach.
Is selling your motorcycle considered taxable income?
If you sold it for more than you paid for it, the difference is a capital gain and taxable. (If you are in the business of selling motorcycles, it is an ordinary gain.) If the motorcycle was for personal use, you cannot claim a capital loss.
Does anyone tell you the best and trusted laptop supplier?
to me i believe that three of my more trusted laptop supplier are acer, apple and hp
What is the worlds largest diamond supplier?
The largest supplier of raw, mined diamonds is probably the DeBeers organization. Read more about them, below.
