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Department of the Treasury Internal Revenue ServicePublication 523Contents Future Developments. . . . . . . . . . . . . . . . . . . . . . . 1 Reminders. . . . . . . . . . . . . . . . . . . . . . .
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Selling is the act of transferring ownership of goods or services in exchange for money.
Selling is typically filed by individuals or businesses involved in the selling of goods or services.
Selling can be filled out by providing information about the goods or services sold, the price, and the buyer's information.
The purpose of selling is to document the transaction and ensure that proper records are kept for accounting and taxation purposes.
Information such as the seller's details, buyer's details, description of goods or services, price, and date of transaction must be reported on selling.
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