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Absolutely! First, you should check with your town to find out if you need a permit. Also, be sure to note how many days per year you are allowed to have a garage sale with your state before it's considered a legit business and you will be required to pay taxes.
To make more money on the yard sale, you'll need to properly advertise it so that a large amount of people show up to buy your stuff.
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What else can I help you with?
When do you pay Capital gains taxes on the sale of a business?
When you file your income tax return for the year of the sale.
Does an individual who sells a used car have to pay taxes on the money collected for the sale of the car?
Legally he has to pay income tax on the net profit from the sale. It is income and therefore is taxable.
Which countries don't pay income taxes?
Monaco doesn't pay income taxes
Do you have to pay taxes on your income?
Yes, individuals are required to pay taxes on their income to the government.
Will you pay taxes on your pension?
Yes could have to pay some income taxes on your pension income.
Does the estate pay taxes?
Estates pay taxes on income and may have to pay inheritance taxes.
What is the amount of income individuals have after they save and pay their taxes?
= the amount of income individuals have after they save and pay their taxes? =
Do police officers have to pay taxes?
Yes. They pay income taxes and property taxes and sales taxes.
On loss income money do we pay taxes taxes on it?
Generally, if you have NET income after deductions and losses, you pay tax.
Do big companies have to pay income taxes?
Yes everyone has to pay income taxes no matter what even the president.
What do state income taxes not pay for?
State income taxes don't pay for road repair in other states.
Do members of the Democratic Party have to pay income taxes?
Everybody has to pay taxes.
