Home Ownership Privacy Options

Summary

Owning a home without it being directly attached to your name can be achieved through a trust or an llc. These methods are legal and help maintain privacy. For eBay sellers in new york, if selling is a hobby, income tax may not apply, but losses cant be deducted. If its a business, report income and expenses, and be aware of sales tax requirements. Consult a local attorney or tax professional for personalized advice.

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Is it illegal to value your privacy
It's not illegal to value your privacy. Owning property through a trust or LLC is a legitimate way to maintain privacy while complying with legal requirements. If you have specific concerns or need detailed advice, consulting a local attorney could be beneficial. Do you have any other questions?
Do you have to pay taxes as a ebay seller if you have no other income and sell only about 5k a year andnyou only resell stuff at a loss
Here's some general information about taxes for eBay sellers in New York:
- Hobby vs. Business: If you're selling as a hobby, you may not need to pay income tax, but you can't deduct losses.
- Business Income: If considered a business, report income and expenses.
- Sales Tax: New York requires sales tax on certain items.
For personalized advice, consulting a tax professional in your area is recommended. Do you have any other questions about this?
Expqnd on thatb
It looks like you want more information about the tax implications of selling on eBay in New York. Here's a bit more detail:
- Hobby vs. Business: If you're selling casually and not seeking profit, it's often considered a hobby. You won't pay income tax on profits, but losses aren't deductible.

- Business Income: If you're actively buying to resell, it may be considered a business. You’d report income and expenses on your taxes. Losses can be deducted against other income.
- Sales Tax: New York requires sales tax on certain goods. If you make sales across state lines, there might be additional implications.
For personalized advice, it’s best to consult with a tax professional familiar with New York state laws.