Just curious do we need to report our “income” from selling our luxury apparel or bags when we do our taxes annually? I heard apps like Mercari send you a tax form to fill out if you sales are over $20K or sth a year. For those of you who sold a lot of handbags to Yoogi’s Fashionphile TRR etc did they mention any threads hold?

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I am not familiar with this but I am in awe of a system that taxes you for selling something you already bought with after tax dollars especially when it's unlikely you made a profit on the sale of used items

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That makes sense haha thanks!

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