Submitted by RevolutionaryBill285 t3_11difrq in personalfinance
puddinfellah t1_ja8wl09 wrote
Reply to comment by 1eh88rrj7uch in Forgot to include side hustle income on taxes. Advice please? by RevolutionaryBill285
Yeah, OP, are you actually turning a profit compared to what you bought the clothes for?
RevolutionaryBill285 OP t1_ja8yqu0 wrote
I was about half of the time. One of my hobbies is to collect rare vintage clothing, so it’s natural that lots of it would retain/increase in value. Yes I was turning a profit
turbospartan t1_ja99dwc wrote
I think you would also be able to factor in "business costs" to yourself. Driving to/from thrift shops, shipping charges, taxes/fees, etc.
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