tygersofpantang
Member
I'm in Illinois. Recently I've been buying Matchbox collectible cars and reselling them, either on Ebay or at trade shows. I do not have a corporation, or business to do this. Are taxes on income from reselling theses items going to be an issue for me? Do people pay state and federal taxes on money made from Ebay or trade shows? Would I need to incorporate myself if I get into this business heavily? Some of these items are huge prices.
Your advice is greatly appreciated.
Your advice is greatly appreciated.