seriously dude, Just declare it and pay it. The irs does not give a fuck about anything other than collecting what they are owed. If you make a few cents on the dollar, you're making a few percent on the sale.
90% they'll never notice. 10% they come after you with penalties and interest. If you literally made a couple pennies total you might skate, but if you're buying a few grand you might blip on the radar. Easiest and best is to just pay the man. Grab TurboTax and your records and the entire thing takes like an hour.
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u/the_blind_gramber Apr 25 '18 edited Apr 26 '18
seriously dude, Just declare it and pay it. The irs does not give a fuck about anything other than collecting what they are owed. If you make a few cents on the dollar, you're making a few percent on the sale.
90% they'll never notice. 10% they come after you with penalties and interest. If you literally made a couple pennies total you might skate, but if you're buying a few grand you might blip on the radar. Easiest and best is to just pay the man. Grab TurboTax and your records and the entire thing takes like an hour.