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:
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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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