Do you report your purchases on your taxes?

@redrover (597)
United States
February 25, 2008 10:58am CST
When you do your state taxes do you pay your sales tax? I do, but most I know don't. I know you are supposed to, but do you?
1 person likes this
3 responses
• United States
26 Feb 08
I have no idea what is what when it comes to paying taxes. I know this much I was told If I sell over $600.00 worth of goods. That I would need to report it. I have always stopped right before that. This is my first year not concerning myself with that. I am trying my hardest to get off SSI. So I have to push myself and try harder. So Yes I plan to report my taxes but where do I start is my question I have saved all my receipts for buying materials to make these bags. The shipping and tracking costs as well. I will also try to get the fees from feebay and feepal deducted as well.
• United States
20 Mar 08
• United States
25 Feb 08
You only have to if you sell more than 600 dollars worth of stuff, minus all your fees and expenses. I personally have not reached that and if I get close i stop selling lol. I keep meticulous records of what i spend in fees and other expenditures every month.
• United States
25 Feb 08
I did not answer completely, when i sell something to buyers in my state i charge them sales tax then they dont have to worry about it. If i purchase from someone in my state i ask them to add the sales tax then i dont have to worry about it.
• United States
28 Feb 08
It depends on how much I made for the year. Because if I didn't make anything I mean profit wise I'm not reporting it. Only time I'm going to report is when and if I ever reach that $600.00 mark for the year. So really no I don't report mines.