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 2 responses by yu11375

Hi Elizabeth,

Thanks!

If I am not mistaken, what you describe is customs duties or customs taxes.

Do you know about income tax reporting to IRS? I don't want to get into trouble with IRS.

By the way, I don't make money on this transaction.
Thank you all for your inputs.

By the way, I am a non-commercial individual and don't make any profit on this transaction.

Happy Listening!