Maurice Tutor

(5)

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About Maurice Tutor

Levels Tought:
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Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 401 Weeks Ago, 1 Day Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 18 Aug 2017 My Price 5.00

collect coins

I like to collect coins (gold and silver mostly) as well as stamps and some other items. Some of these I was given a long time ago, some are new and some I still buy. I'm now the proud owner of a mortgage and it seems like selling off my hobby items and putting the proceeds into my mortgage is a good idea. I already work full time and am earning over 80k a year. Do I need to pay tax on the money I get for selling my collectables or can I just continue to buy and sell them putting the proceeds towards my mortgage? Perhaps there is a dollar limit per year that I can't cross? (kind of like how you can only sell so many cars per year before being considered a professional used car dealer).

Answers

(5)
Status NEW Posted 18 Aug 2017 10:08 PM My Price 5.00

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