Garage and eBay Sales May Be More Than You Bargain For

KANSAS CITY, MO–(Marketwire – 05/26/10) – Long before eBay existed, garage sales and classified ads helped people unload unwanted items. To figure out if sales have tax implications, H&R Block (NYSE: HRB – News ) advises sellers to know how to determine if the resulting cash is reportable taxable income and if the IRS classifies the particular activity as casual selling, a hobby or a business …

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