Jea48 posted:
"If I remember correctly EBay... was forced by the IRS to send out a 1099-K to sellers..."
I suppose you could say that if the IRS informed eBay they should start following the law like they should, that you could say they were forced.
That's also why policemen have guns (in the USA). Governments come in two types: those who assert the right to use superior force, and governments whose members are in jail, in exile, or in graves!
I received a 1099 from Paypal one year a few years ago. I made sure I deducted Paypal fees (banking fees), shipping costs (postage and packing), original costs, etc. etc. I was just following the law ; ) !!
There is also a simplified calculating method for such issues; I think you can deduct 1/3 of "hobby" sales.
IANAL, but my opinion is this is an inheritance issue.
(I gotta go take my meds now).
"If I remember correctly EBay... was forced by the IRS to send out a 1099-K to sellers..."
I suppose you could say that if the IRS informed eBay they should start following the law like they should, that you could say they were forced.
That's also why policemen have guns (in the USA). Governments come in two types: those who assert the right to use superior force, and governments whose members are in jail, in exile, or in graves!
I received a 1099 from Paypal one year a few years ago. I made sure I deducted Paypal fees (banking fees), shipping costs (postage and packing), original costs, etc. etc. I was just following the law ; ) !!
There is also a simplified calculating method for such issues; I think you can deduct 1/3 of "hobby" sales.
IANAL, but my opinion is this is an inheritance issue.
(I gotta go take my meds now).