Question:

Am I responsible to pay my home State and Federal Income tax if I sell an item at another State?

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I live in San Francisco, California and sold an old print in Manhattan New York through a local auction house in Manhattan, am I responsible to pay California's State and Federal Income Tax?

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2 ANSWERS


  1. If you sell an item at a profit you are required to report that profit on your state and federal income tax income tax.  Selling it in another state could have implications of state income tax in the state of the sale.  If it does you would report the sale in both states and take a deduction in California for the tax paid in another state.


  2. Income tax, yes.

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