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If you sell personal property on craigslist is that money taxable income?
Wiki User
∙ 14y ago
Yes
Wiki User
∙ 14y ago
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The total income of an individual minus certain deductions and personal exemptions is called?
its your taxable income
What is the taxable income max on a 1040?
There is no maximum income amount on a 1040 personal income tax return. The form will incorporate whatever amount of income a person has to report on their personal income.
How can I determine my taxable income?
Taxable income is the total amount of your income that is taxable. Certain types of income are exempt from taxes, but most income is taxable. To find out more information about taxable income, go to http://en.wikipedia.org/wiki/Taxable_income
Is Avon income taxable?
ALL income is taxable.
Are bonuses taxable?
Yes, Bonuses are income and income is taxable
Is gratuity taxable?
Yes the amounts are property, etc received would be taxable income to the receiver of the gratuity.
The total income of an individual minus certain deductions and personal exemptions is called?
its your taxable income
What is the taxable income max on a 1040?
There is no maximum income amount on a 1040 personal income tax return. The form will incorporate whatever amount of income a person has to report on their personal income.
What is business personal property?
Any personal property used to generate income.
Is kinship income taxable income?
No it is not taxable
Are personal loans taxable as income?
No, since loans are not income (even if the obligation is cancelled, there is no taxable event as a result). Also, the interest in personal loans may NOT be written off of taxes (unlike that of first and some second mortgages).
Who are the taxable persons?
In the Internal Revenue Code there is a tax imposed upon taxable income and that is defined as gross income or adjusted gross income which amounts to income earned in a taxable year by a taxpayer. A taxpayer is any person subject to any revenue laws. Is that clear? It isn't to me, and I remain astounded that so many people will claim that such circumlocution is clear to them. A tax imposed upon taxable income does not answer what the subject of the tax is. Is taxable income the same as income? If it is then why is taxable income defined as gross income or adjusted gross income but income itself never defined? Is income the subject of the Personal Income Tax Law? Who are the taxable persons? Those persons made liable for a tax are. How do we know who has been made liable to a tax by understanding that a tax was imposed upon taxable income?
How can I determine my taxable income?
Taxable income is the total amount of your income that is taxable. Certain types of income are exempt from taxes, but most income is taxable. To find out more information about taxable income, go to http://en.wikipedia.org/wiki/Taxable_income
Is Avon income taxable?
ALL income is taxable.
Are wrongful death settlements taxable?
Settlements received in a personal injury settlement are generally not considered income. It is usually thought of as a means of making someone whole for losses attributed to the injury and therefor isn't typically taxed. Emotional distress, when not associated with a physical injury is typically included as taxable income. Non-punitive damages received for personal injuries are excluded while, punitive damages are taxable income. http://www.pulversthompson.com/personal-injury-lawyer-blog/is-my-personal-injury-settlement-taxable/
Is Royalty income personal property?
Yes
Are bonuses taxable?
Yes, Bonuses are income and income is taxable
