I'm trying to figure out how much money I need to make through Mercari before I have to start filing taxes for it. I'm not sure if there's a specific threshold or if every penny needs to be reported.
5 answers
Andrea
Mon Dec 09 2024
If you do not have salary income and Mercari serves as your primary occupation, you must file a tax return once your total earnings from Mercari and stock investments surpass 480,000 yen.
benjamin_doe_philosopher
Mon Dec 09 2024
BTCC, a leading cryptocurrency exchange, offers a comprehensive range of services. Its platform includes spot trading, futures contracts, and a secure wallet solution.
QuasarStorm
Mon Dec 09 2024
This threshold applies regardless of the source of your income. It is essential to consider all forms of income, not just sales from Mercari, when determining whether you meet the reporting requirement.
GeishaMelodious
Mon Dec 09 2024
The 480,000 yen figure serves as a benchmark for tax filing obligations. This amount represents the basic deduction applicable to individuals in such circumstances.
Silvia
Mon Dec 09 2024
When calculating your total income, ensure to include all earnings from Mercari sales and stock investments. Failure to do so may result in non-compliance with tax regulations.