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https://vermajewelry.com/taxes-on-pre-owned-jewelry/
In 2018, the capital gains tax rate is determined by your tax bracket. If you owned the jewelry you sell for less than a year, you pay a short-term capital gains tax. The tax rate is exactly the same as whatever income tax rate you file at. If you owned the jewelry you sell for more than a year, you pay a long-term capital gains tax.
https://jewelrymakingjournal.com/how-do-i-collect-sales-tax-from-online-sales/
How Do I Collect Sales Tax from Online Sales? by Carolyn Angus. (Riverside, California USA) I am starting my Jewelry Business and am concerned about sales tax collection on-line. I hope to sell only in the US and with the states looking for additional money, especially through sales tax…
https://www.am22tech.com/avoid-sales-tax-on-jewelry-usa/
Jun 11, 2020 · Avoid sales tax on Jewelry by ordering online from a shop that does not have a presence in your own residence state in the USA. Sales tax on Jewelry is a big addition to the overall cost if you are buying Gold for Marriage from a hub like New Jersey or New York (NY). This article will discuss: Avoid Sales Tax on JewelryEstimated Reading Time: 3 mins
https://1040.com/blog/2019/7/12/selling-stuff-online-taxes-for-etsy-ebay-letgo-and-more/
Jul 12, 2019 · Let’s look at the three main reasons people sell online and talk straight about what you need to know for taxes. A note on third party payment services and the 1099-K Due to the American Rescue Plan (ARP Act), third-party payment platforms are now required to report payments facilitated through their services once those payments reach $600 or ...Estimated Reading Time: 7 mins
https://pocketsense.com/need-pay-tax-sell-gold-jewelry-6981.html
Dec 12, 2019 · When you hold onto something longer than a year before you sell it, any profit you make from its sale is a long-term gain. Most assets, like stocks and bonds, are subject to a maximum long-term gains rate of 20 percent. According to the IRS, collectible items like gold and gems face a special long-term capital gains rate of 28 percent.Author: Gregory Hamel
https://ttlc.intuit.com/community/taxes/discussion/if-i-sell-my-mom-s-estate-jewelry-online-and-receive-a-1099k-from-etsy-is-this-considered-to-be-self/00/1922175
Feb 14, 2021 · Possibly. It depends if you have decided to open a trade or business for reselling jewelry. If you are selling these items more as if it were an online garage sale, then these are personal property sales, instead. If you are in a trade or business, report Form 1099-K as self-employment income & expenses in the Wages & Income section.
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