On Wed, Sep 21, 2022 at 2:45 PM KW4H via <reedsteve=[email protected]> wrote:
Mike,
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The current solution to the tax grab is to simply not use PayPal or eBay to sell anything.? Next up, however, they will try to implement the digital dollar and dispense with cash and checks ¨C and try to control every cent you spend and tax everything coming in no matter the source.? At that point we move to barter (e.g., ¡°I¡¯ll restore your <fill in the blank> in trade for your <fill in the blank>¡±).
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 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.
