@Mactaxes wrote:
So then you are saying they have a gain here? If an item they paid $80 for sold for $50 online and you say it should be valued at Goodwill rates of $5-10, then they should be paying tax on $40 for that item (less shipping/fees)??
That's absurd. If a willing buyer pays you $50 for an item, it's FMV is $50. Goodwill has nothing to do with it.
