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The Free Financial Advisor
The Free Financial Advisor
Brandon Marcus

Garage Sale Trap: Why Casual Sales May Now Be Reported to the IRS

Image Source: Unsplash.com

A sunny Saturday, a folding table, and a pile of stuff ready to go—garage sales feel like easy money with zero strings attached. That carefree vibe just hit a speed bump. New reporting rules now blur the line between a casual clean-out and taxable activity, and that shift catches many people off guard.

The days of pocketing cash with no paper trail no longer feel guaranteed. Anyone who sells regularly—or even occasionally in certain ways—needs to pay attention.

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