Quetzalcoatl.Mitosis said:
»Ten months to figure it out, give or take.
I don't remember 100% but I think they always ask you if there are any additional earnings that you haven't reported.
But tbh, I'm paranoid as f**k, so I'd prolly just report it anyway... or at least ask...
Better than it being found in an audit.
I think it has to be over a certain amount for it to count on your taxes. Like above $2500 or something.
Gross income; technically if you find 20 dollars on the street and you meet the reporting threshold you need to report that $20 as income.
In any event you report the gross amount you make off the RMAH (deductions for money or time involved getting this RMAH don't qualify as it's likely not a business transaction). It's just like getting an additional (unreported) paycheck but you don't have FICA taxes on.
I'd be careful about not reporting it, any reason to audit you could be bolstered by not reporting RMAH. It's not akin to receiving cash under the table, there is a definite electronic trail that Blizz will need to make in order to have these transactions go through.
*not intended to be real tax advice, as I am a student, and not a real tax accountant*