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So, does anybody know what happens if you sell your Novice station from the 1960s for less money then you paid for it, but don't have the original receipts? This policy has the potential to create a lot of landfill!

Mike Gorniak, NM7X

On 9/21/2022 1:17 PM, Robert Needleman via groups.io wrote:

IT's for the calendar year:Here's the specific wording. So if you sell >$600 during the calendar year you will getr a 1099-K from IRS::
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Beginning on January 1, 2022, third party payment processors will have to report any income for goods or services exceeding $600 during the calendar year on a form 1099-K. This includes platforms such as Paypal. Certain states such as Massachusetts, Vermont, and others already have this in place.
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Bob K3AC
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