I live on Low-Income- Soc. Security and SSI. Total: $9,972.00 anually.
I have an oportunity to sell art and very likely willl gain, after
commision etc., $3,000.00.
What can I expect to pay in taxes? Will this change my social security
and Med-Caid status (Called Medi-Cal. in Calif. where I live)I live in
Palm Springs and I am 70 years old, living in low-income HUD housing.
I've owned the painting for 20 years. Paid $265.00 and $245.00.
Thes have been appraised by artist and reputable art appaiser.
Appraisals ducmented. Most interrested what you can find on how much I
get to keep after sale.
F