Last year I opened my Roth IRA on January I made significant gains and at the end of the year I pulled out only what I contributed ($7000) and left the gains in there. I was told I wouldn’t get taxed on that but when I went to do my taxes it says it can only be taken out if it fits certain criteria. I took my taxes to a professional and they said I have to pay taxes on that. Is that true?
Another question is I sell on eBay and sold roughly $4000 of my own belongings. Do I have to report that as a business? The tax person told me anything over $600 must be reported that way. Not sure if you know that answer but thought I would ask because I can’t find much online except contradicting statements.