How to Report Sale of Personal Items on Your Taxes?

How do I report sale of personal items on my taxes? The specific details of the sale are reported on the Internal Revenue Service’s Schedule D. Taxpayers generally file their personal income taxes on IRS Form 1040. Enter the identifying information, name and Social Security number on the top of Schedule D. Read more on … Read more

Airbnb Tax Reporting: Does Airbnb Send Me a 1099?

Does Airbnb send me a 1099? The US Internal Revenue Service (IRS) requires US companies that process payments, including Airbnb, to report gross earnings for all US users who earn over $20,000 and have 200+ transactions in the calendar year. If you exceed both IRS thresholds in a calendar year, Airbnb will issue you a … Read more