FoulFoot wrote in Best Way to Sell a Collection:I believe they only 1099 you on sales if you exceed a certain threshold, like $20k. Could be wrong about that though.Foul
blackdougal wrote in Best Way to Sell a Collection:The 1099 threshold was previously $20,000. For 2022 it's $600. Utterly ridiculous.
knappster007 wrote in Best Way to Sell a Collection:$600. Wow, if I have to pay taxes on this, probably not worth it. How silly. Thank you for the info.
mbassoc2003 wrote in Best Way to Sell a Collection:If the IRS hit eBay to the point it damages their business, they will have a case to refuse to enforce until it has been through the courts on the grounds that by not to blocking private sales on FB and similar, the IRS are playing favourites.The idea of taxing unrealised gains is simply genius. You get to make shit up and send a bill, and if the recipient can’t prove the IRS are wrong, they get to cease whatever recipients assets they please to settle the account if you can’t pay up. It’s gonna be fun seeing where that road loads to.