Beat the irs communists at their own game. Keep your receipts to prove you sold the item at a loss. If you owned the item for more than one year use the loss to offset a cap gain from investments or ira distribution. Irs hates people with documented proof. They pray on the stupid. All socialist government money laundering starts with the irs feeding the system with our money! To the officer THANK YOU for your service. When you get the call to mr defunds residence make sure you do the speed limit getting there. You don't want to break the law!
New ebay payments require SS#?
I received an email from ebay and they now will deposit your amount from a sale directly into your bank account. So, they require your routing and account numbers. But they also required my SS number, which I'm not sure I like. They say the purpose is to comply with government regulations. Is there any reason to think they would transmit the amount of your sales to the irs and issue you a 1099? I only occasionally sell used items on ebay and don't consider any amount I receive to be taxable income. Thoughts?