Income tax on the gears shiped to foreign country


Hi Folks,

Do I need to report/pay the income tax on the gears shiped to foreign country?

It is an old machine and I am just a non-commercial individual.

Please provide the related infomration.
yu11375

Showing 1 response by rrog

It is not likely you would need to report to IRS unless the transaction is considered income. With this type of question you should always consult with your accountant.