Delay In Implementing 1099k For 2022

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Author	Replies: 5 / Views: 1,721
acloco Pillar of the Community United States 3540 Posts	Posted 12/23/2022 7:55 pm Delayed..... https://www.irs.gov/newsroom/irs-an...forms-1099-k Report this Post to the Staff

Spence Moderator United States 34393 Posts	Posted 12/23/2022 8:12 pm @acl, I think that you must mean this in the context of numismatic sales. "If you climb a good tree, you get a push." -----Ghanaian proverb "The danger we all now face is distinguishing between what is authentic and what is performed." -----King Adz Report this Post to the Staff
Paul Bulgerin Pillar of the Community United States 3098 Posts	Posted 12/23/2022 11:24 pm I read this story today. I've spent 2022 making photo receipts of every coin I purchased for resale, tracking all my sales, ebay fees and my monthly ebay store costs, so I could accurately document my total expenses and profits for my 2022 taxes. Never mind. I'm a small-time seller. Earlier this week, with this new reporting law in mind and before reading this article, I decided to take a break from selling on ebay. I pulled my listings and closed my ebay store. I didn't feel it was worth the hassle and paperwork for the small profits I make. I had a good chuckle after reading the story. Paul Bulgerin Report this Post to the Staff
Pacificoin Pillar of the Community Canada 5391 Posts	Posted 12/23/2022 11:41 pm You just can't make this stuff up ! Seems governments everywhere run things as if they were a slap stick comedy show . No way they could ever enforce compliance anyways . Report this Post to the Staff
nss-52 Moderator United States 54280 Posts	Posted 12/24/2022 10:41 am Everyone that does not report their net income and pay tax on it just causes everyone (themselves included) to pay more overall in income taxes. When this does go into effect, there will be a lot more people properly paying taxes on income they have previously "ignored". Show your financial support of the Coin Community Family (click here) See my topic on Mexican Numismatic Medals (click here) Report this Post to the Staff
edweather Pillar of the Community United States 7375 Posts	Posted 03/24/2023 12:45 pm Did our taxes with our accountant yesterday, and I mentioned that ebay couldn't pull off the 1099 thing this year. She kinda huffed and said they'll never pull it off. I'm not so sure. I do realize it's the govt actually pulling the strings and not ebay. Report this Post to the Staff
	Replies: 5 / Views: 1,721

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