I attend several big car flea market events in Carlisle PA. The PA Dept of Revenue has been on the grounds handing out forms for payment of sales tax. Several of the out of state vendors as well as some local vendors have stopped attending due to this.
Tom
W3TA
-----Original Message-----
From: Larry Steeno <oneets123@...>
To: [email protected]
Sent: Thu, Sep 22, 2022 9:28 am
Subject: Re: [HallicraftersRadios] Paypal
I wonder if the newly minted IRS agents will be posted at all the local ham fests and garage sales????
Larry
|
Bob,
?
It's relevant because when selling Hallicrafters, and other vintage gear, you're usually doing it as a LOSS (at least that's almost always the case for me) , you have no documentation? (or rarely so) of your cost basis if you purchased it many years ago, etc. So what will happen is this item will add to the total amount of radio sales you do on PayPal and once you exceed $600/annum, that will trigger a 1099 from the IRS, reported by PayPal. You will have to pay tax on this amount, which IRS considers as income (as if you were a small internet business), even though you've sold these items at a LOSS. So you get screwed, having to pay tax on items in which you LOST MONEY, not made a profit, as regular business do selling merchandise. So you're going to wind up taking a bigger loss by accepting payment using Paypal, than if you had sold it by using another method like check/MO/bank transfer. It's not a matter of trying to avoid paying tax and cheating the IRS - it's a matter of being unfairly ltaxed on items you've sold where you've already taken a loss, and then have to pay tax on top of that, for an even bigger loss!
Got it?
?
Bob K3AC
In a message dated 9/22/2022 10:19:36 AM Eastern Standard Time, rwkembel@... writes:
?
Hi all,
?
Not sure I see the relevance of the discussion regarding the IRS as far as Hallicrafters radios. Unless you are cheating on your taxes, I don't see how additional IRS agents is likely to affect the majority of honest people. Unless ham radio is a business and you are actually making a profit on sales, then perhaps you should treat it as a business and report the income (and expenses on a Schedule C form). This allows you to deduct 'business' related expenses such as the acquisition costs, supplies, and other expenses. I would venture that most of us spend more on our "hobby business" than we make as income. I know that I spend much more on my hobby than anything I might get by selling the occasional restored radio. Yes it is a nuisance to treat your hobby as a business (if you are selling items), but it is nice to be able to offset that income with acquisition costs, test equipment, supplies (wire, solder, caps, resistors, tubes, mileage, hamfest admissions, etc).
?
On the other hand, we are all subsidizing those that don't pay their fair share of taxes.
?
"The IRS is woefully understaffed and will miss about $600 billion in uncollected taxes this year as it grapples with technology built before humans landed on the moon, according to Deputy Treasury Department Secretary Wally Adeyemo."
?
Those missed taxes work out to about $2000 per individual that we are all paying to subsidize those uncollected taxes. Nobody likes taxes, but since they are a fact of life, the least we can do is make sure that everyone pays their fair share.
?
Bob,? K7DYB
?
On 9/22/2022 9:28 AM, Larry Steeno wrote:
I wonder if the newly minted IRS agents will be posted at all the local ham fests and garage sales????
Larry
?
|
Hi all,
Not sure I see the relevance of the
discussion regarding the IRS as far as Hallicrafters radios.
Unless you are cheating on your taxes, I don't see how additional
IRS agents is likely to affect the majority of honest people.
Unless ham radio is a business and you are actually making a
profit on sales, then perhaps you should treat it as a business
and report the income (and expenses on a Schedule C form). This
allows you to deduct 'business' related expenses such as the
acquisition costs, supplies, and other expenses. I would venture
that most of us spend more on our "hobby business" than we make as
income. I know that I spend much more on my hobby than anything I
might get by selling the occasional restored radio. Yes it is a
nuisance to treat your hobby as a business (if you are selling
items), but it is nice to be able to offset that income with
acquisition costs, test equipment, supplies (wire, solder, caps,
resistors, tubes, mileage, hamfest admissions, etc).
On the other hand, we are all
subsidizing those that don't pay their fair share of taxes.
"The IRS is woefully understaffed and will miss
about $600 billion in uncollected taxes this year as
it grapples with technology built before humans landed on the
moon, according to Deputy Treasury Department Secretary Wally
Adeyemo."
Those missed taxes work out to about $2000 per
individual that we are all paying to subsidize those
uncollected taxes. Nobody likes taxes, but since they are a
fact of life, the least we can do is make sure that everyone
pays their fair share.
Bob,? K7DYB
On 9/22/2022 9:28 AM, Larry Steeno
wrote:
toggle quoted message
Show quoted text
I wonder if the newly minted IRS agents will be posted at
all the local ham fests and garage sales????
Larry
|
Remember, the Government is your "Friend" and they are only going after the "rich."
Think about what Reagan said about the government.
73
Bob
|
I wonder if the newly minted IRS agents will be posted at all the local ham fests and garage sales???? Larry
|
Yes, the $600 is for the entire year - and that includes the shipping you were paid.??You pay commission on the 'item's selling price + shipping'. And...shipping is included as income, so your 1099 form will be 'sold items + shipping' that you were paid. Of course, shipping is an expense and can be deducted. I'm not a tax guy, just a frequent seller on eBay.
Jeff
KI4VGD
|
I know i should not say this ??but?? with the new cameras everywhere? ?and all that face recognition software,? all the swap ¡°sites¡± and BARTERING ¡°sites¡±? will soon? be catching you ?bartering? and they will use an ebay-price list ?to look-up how much ?to tax you for that black box. ? Also ?way off topic ....?? Remember the time?? long ago when ?it cost a Nickel or dime? to use a stall in the washroom of ??the big department stores. They get you coming and going. Ok ill quit now Don VA3DRL ?
toggle quoted message
Show quoted text
From: [email protected] [mailto:[email protected]] On Behalf Of KW4H via groups.io
Sent: Wednesday, September 21, 2022 2:46 PM
To: [email protected]
Subject: Re: [HallicraftersRadios] Paypal? Mike, ? 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>¡±). ? 73 ¨C Steve, KW4H
|
Gotta have? something for those 75,000 newly minted brown shi, errr...IRS agents to do.
John k5mo
Mike, ? 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>¡±). ? 73 ¨C Steve, KW4H ? 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:: 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. ?
|
Credit card transactions are not likely to ever be taxed because they are not considered "third party" payers. They are used largely by businesses and other large vendors, not private individuals. And credit cards can charge (often exorbitant) interest on purchases. This whole issue with notification of IRS by PayPal of private sales came about because of the rapid rise of private internet businesses cropping up on Ebay and elsewhere, where individuals are making huge amounts of money, not paying any tax on sales using PayPal, and other 'third party" payers and escaping their federal tax obligation as a business. That is my take on this issue and what will happen in the future regarding IRS policies is anyone's guess, but for now, it's my understanding that credit card transactions are outside of this issue.
?
Bob K3AC
In a message dated 9/21/2022 2:55:53 PM Eastern Standard Time, drootofallevil@... writes:
?
well again off topic? but what happens if? you use a credit card or some e-transfer .... does it go to govt for taxing??
ill? bet ? soon money orders? etc will get? taxed too? cheques too? only thing left is Hard cash?? ... just to to a track ..most want cash only.
i am not a seller so dont know? all this stuff ...just asking
I cant get paypal to work? any more has it for 22 years , BUT pw is problem ...still..
VA3DRL
|
well again off topic? but what happens if? you use a credit card or some e-transfer .... does it go to govt for taxing??
ill? bet ? soon money orders? etc will get? taxed too? cheques too? only thing left is Hard cash?? ... just to to a track ..most want cash only.
i am not a seller so dont know? all this stuff ...just asking
I cant get paypal to work? any more has it for 22 years , BUT pw is problem ...still..
VA3DRL
|
Mike, ? 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>¡±). ? 73 ¨C Steve, KW4H ? 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
toggle quoted message
Show quoted text
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:: 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. ?
|
Mike - just don't accept PayPal as payment (as 'merchandise'). Otherwise your buyer can submit a warranty claim up to 6 months for a full or patial refund if the equipment develops a problem or they decide it's not exactly as you described it in your listing. Or, just donate it all to one of the school radio clubs and avoid the whole mess, and take it as a charitable deduction and beat the IRS at their own game, hi!
?
Bob K3AC
In a message dated 9/21/2022 2:27:53 PM Eastern Standard Time, Radionorthstar@... writes:
?
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::
?
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.
?
Bob K3AC
?
|
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:
toggle quoted message
Show quoted text
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::
?
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.
?
Bob K3AC
?
|
Gary - a USPS MO is safe for the buyer. That's because if it's lost or stolen, you can get your money back. It will take several months to go through all the paperwork the USPS requires, but you will eventually get the money back (I've had to do that with a USPS MO that was lost in the mail a few years back).
?
Bob K3AC
In a message dated 9/21/2022 1:17:05 PM Eastern Standard Time, garywinblad@... writes:
?
Trying to change the subject line..
?
Well, isn't a postal money order unsafe if you are a buyer?
?
Is the ebay/Paypal $600 limit for a single transaction or total for the year?
?
73,
Gary
WB6OGD
?
On 09/21/2022 1:12 PM thoyer via groups.io <thoyer1@...> wrote:
?
?
The reason I stopped selling on ebay as well as no paypal.
?
$600 is a ridiculous threshold to trigger a 1099, used to be 20k.
?
I don't sell much anymore but cash in person (when appropriate) or check / postal money order has worked just fine for me.
?
Tom
W3TA
|
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::
?
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.
?
Bob K3AC
?
In a message dated 9/21/2022 1:20:12 PM Eastern Standard Time, kb0tj1@... writes:
?
If it is a 1099 form , I think we¡¯d have to assume it is against an entire IRS reporting year. Not any single transaction.?
Trying to change the subject line..
?
Well, isn't a postal money order unsafe if you are a buyer?
?
Is the ebay/Paypal $600 limit for a single transaction or total for the year?
?
73,
Gary
WB6OGD
?
?
?
The reason I stopped selling on ebay as well as no paypal.
?
$600 is a ridiculous threshold to trigger a 1099, used to be 20k.
?
I don't sell much anymore but cash in person (when appropriate) or check / postal money order has worked just fine for me.
?
Tom
W3TA
?
?
|
I am aware that bank MO's are sometimes counterfeited to commit fraud. However, a USPS MO is much more difficult (like counterfeting US currency) and conviction using USPS MO to defraud carries heavy fines/penalties ($10K or 10 years in jail last time I 'read the fine print). And as far as a personal check, I once accepted that as payment for a $2K amplifier. While waiting for check to clear my bank, the buyer backed out, cancelled his check and I was docked by my bank $25 for a bad check fee. Fortunately, I didn't ship the amp yet, otherwise I probably would have has a total loss.
?
My recommendations for selling:
1. Use USPS MO
2. Use an interbank transfer method (eg. Zelle)
?
Avoid selling with? PayPal (unless you insist on "Friends/Family" cash transfer) and personal checks unless you can go to the buyer's bank (they're almost always drawn on these little local banks that are not in your area so that's not usually possible)? and get the cash in your hand.?
?
Bob K3AC
In a message dated 9/21/2022 1:20:19 PM Eastern Standard Time, philwpatton@... writes:
?
I would take a check and wait for it to clear before shipping. No money orders. My bank considers them counterfeit until they receive the money, which has taken almost a month in some cases. Apparently a USPS money order is the easiest thing to fake. I have always liked to pay with paypal but as has been pointed out the situation is totally tilted toward the buyer. Ebay is the same thing. I do little selling but have come across several buyers who obviously had no intention of paying in the first place. Ebays policies make it very easy to get free goods, if one is devoid of conscious.
The reason I stopped selling on ebay as well as no paypal.
?
$600 is a ridiculous threshold to trigger a 1099, used to be 20k.
?
I don't sell much anymore but cash in person (when appropriate) or check / postal money order has worked just fine for me.
?
Tom
W3TA
-----Original Message-----
From: lfibich@... <lfibich@...>
To: [email protected] <[email protected]>
Sent: Wed, Sep 21, 2022 12:54 pm
Subject: Re: [HallicraftersRadios] SX-111 w/speaker FS
?
Ebay does the same - why do you think those 87,000 or so IRS agents were wanted - ? to squeeze more money out of ??--- fun times we are living in now.
?
On Wednesday, September 21, 2022 at 09:41:50 AM PDT, Robert Needleman via <k3ac= [email protected]> wrote: ?
?
I recommend that all sellers of used ham gear stop accepting PayPal (as merchandise). This is for 2 reasons:
1. PayPal now reports all personal sales exceeding $600 annually to IRS, and you will receive a 1099, which the IRS will consider as income and for which you will be responsible for paying income tax on.
?
2. PayPal offers a "buyer's protection" plan on anything paid for 'as merchandise'. This protection plan is good for SIX months after the sale. If the buyer is not fully satisfied with the item, or files an insurance claim, stating only that the item received was not in the condition as described by seller, or defective, the seller will have that amount deducted ("frozen")? immediately from their PayPal account until the claim is resolved. The seller will either have to issue a full refund to buyer upon return of the item, or issue a partial refund to cover the discrepancy in condition or repair costs.?
?
So either way, the seller is going to be screwed by accepting PayPal, as merchandise, especially on vintage gear that is not in the exact condition described by seller, or some issue crops up within SIX months of purchase, and for which the buyer wants a full refund, no questions asked.?
?
Bob K3AC
In a message dated 9/21/2022 10:39:06 AM Eastern Standard Time, Mtniebs@... writes: ?
[Edited Message Follows]
REDUCED! I have a very nice, operational SX-111 with matching speaker for sale. Recapped and new three pronged power cord installed. On air tested. Side by side tests with my FT1000d were very favorable. Both cabinets have been tastefully (albeit not professionally) repainted and look very nice. The only alteration I did was to remove the heating resistor for the VFO that I thought was very poorly mounted. The VFO is very stable after a short warmup without it. I will include it should the new owner wish?to re-install it. Manual included (original MK I, but is almost identical to the basic SX-111). $270 shipped to lower 48. Paypal. OF COURSE NO WARRANTY EXPRESSED OR IMPLIED. ALL SALES FINAL.
?
?
?
|
I would take a check and wait for it to clear before shipping. No money orders. My bank considers them counterfeit until they receive the money, which has taken almost a month in some cases. Apparently a USPS money order is the easiest thing to fake. I have always liked to pay with paypal but as has been pointed out the situation is totally tilted toward the buyer. Ebay is the same thing. I do little selling but have come across several buyers who obviously had no intention of paying in the first place. Ebays policies make it very easy to get free goods, if one is devoid of conscious.
The reason I stopped selling on ebay as well as no paypal.
$600 is a ridiculous threshold to trigger a 1099, used to be 20k.
I don't sell much anymore but cash in person (when appropriate) or check / postal money order has worked just fine for me.
Tom
W3TA
-----Original Message-----
From: lfibich@... < lfibich@...>
To: [email protected] < [email protected]>
Sent: Wed, Sep 21, 2022 12:54 pm
Subject: Re: [HallicraftersRadios] SX-111 w/speaker FS
Ebay does the same - why do you think those 87,000 or so IRS agents were wanted - ? to squeeze more money out of ??--- fun times we are living in now.
On Wednesday, September 21, 2022 at 09:41:50 AM PDT, Robert Needleman via <k3ac= [email protected]> wrote:
I recommend that all sellers of used ham gear stop accepting PayPal (as merchandise). This is for 2 reasons:
1. PayPal now reports all personal sales exceeding $600 annually to IRS, and you will receive a 1099, which the IRS will consider as income and for which you will be responsible for paying income tax on.
?
2. PayPal offers a "buyer's protection" plan on anything paid for 'as merchandise'. This protection plan is good for SIX months after the sale. If the buyer is not fully satisfied with the item, or files an insurance claim, stating only that the item received was not in the condition as described by seller, or defective, the seller will have that amount deducted ("frozen")? immediately from their PayPal account until the claim is resolved. The seller will either have to issue a full refund to buyer upon return of the item, or issue a partial refund to cover the discrepancy in condition or repair costs.?
?
So either way, the seller is going to be screwed by accepting PayPal, as merchandise, especially on vintage gear that is not in the exact condition described by seller, or some issue crops up within SIX months of purchase, and for which the buyer wants a full refund, no questions asked.?
?
Bob K3AC
In a message dated 9/21/2022 10:39:06 AM Eastern Standard Time, Mtniebs@... writes: ?
[Edited Message Follows]
REDUCED! I have a very nice, operational SX-111 with matching speaker for sale. Recapped and new three pronged power cord installed. On air tested. Side by side tests with my FT1000d were very favorable. Both cabinets have been tastefully (albeit not professionally) repainted and look very nice. The only alteration I did was to remove the heating resistor for the VFO that I thought was very poorly mounted. The VFO is very stable after a short warmup without it. I will include it should the new owner wish?to re-install it. Manual included (original MK I, but is almost identical to the basic SX-111). $270 shipped to lower 48. Paypal. OF COURSE NO WARRANTY EXPRESSED OR IMPLIED. ALL SALES FINAL.
|
If it is a 1099 form , I think we¡¯d have to assume it is against an entire IRS reporting year. Not any single transaction.?
Trying to change the subject line..
Well, isn't a postal money order unsafe if you are a buyer?
Is the ebay/Paypal $600 limit for a single transaction or total for the year?
73,
Gary
WB6OGD
The reason I stopped selling on ebay as well as no paypal.
$600 is a ridiculous threshold to trigger a 1099, used to be 20k.
I don't sell much anymore but cash in person (when appropriate) or check / postal money order has worked just fine for me.
Tom
W3TA
|
Gary,
?
From a Seller's point of view, the only protection you get from PayPal is if buyer pays as "Friends/Family"). That is considered a pure cash transaction and is NOT covered by their buyer's protection policy. Of course, this offers the buyer NO protection, so is not likely to be palatable to the buyer, especially on an expensive item.
?
I have had some experience with IRS and did investigation of the new PayPal IRS reporting policy. I am not a tax attorney, but from what I gathered reading about the new PayPal/ IRS policy, you can avoid being responsible for paying income tax on items that you sell on PayPal if you have documentation of your "COST BASIS" (what you paid for the item originally) and what you sold it for. It you are taking a loss on the sale, then you have no tax obligation. If you have a profit, or? cannot establish the loss, IRS will consider it as income and will require you to pay the tax either the profit, or on the full sale price if you do not have the cost basis documentation.? So if you have a loss and have retained the cost basis and sale basis documentation you can fight it, but if not, you'll probably be responsible for paying the tax.
?
Bob K3AC
In a message dated 9/21/2022 1:08:51 PM Eastern Standard Time, garywinblad@... writes:
?
Interesting..
As a buyer, Paypal does give me some protection though.? And if I am a seller it does
too.? Except for the new tax implications, it was a good deal for everyone.
?
Any tax experts here?
If I buy a used broken radio, fix it up, then resell it, can I claim a loss on it considering
I probably have more hours into it than I will ever see as profit.
Considering that I am a degreed retired engineer, what would? a fair labor rate be?
This could be a new income stream..
?
73,
Gary
WB6OGD
?
On 09/21/2022 12:54 PM lfibich@... <lfibich@...> wrote: ?
?
?
Ebay does the same - why do you think those 87,000 or so IRS agents were wanted - ? to squeeze more money out of ??--- fun times we are living in now.
?
On Wednesday, September 21, 2022 at 09:41:50 AM PDT, Robert Needleman via groups.io <k3ac@...> wrote:
?
?
I recommend that all sellers of used ham gear stop accepting PayPal (as merchandise). This is for 2 reasons:
1. PayPal now reports all personal sales exceeding $600 annually to IRS, and you will receive a 1099, which the IRS will consider as income and for which you will be responsible for paying income tax on.
?
2. PayPal offers a "buyer's protection" plan on anything paid for 'as merchandise'. This protection plan is good for SIX months after the sale. If the buyer is not fully satisfied with the item, or files an insurance claim, stating only that the item received was not in the condition as described by seller, or defective, the seller will have that amount deducted ("frozen")? immediately from their PayPal account until the claim is resolved. The seller will either have to issue a full refund to buyer upon return of the item, or issue a partial refund to cover the discrepancy in condition or repair costs.?
?
So either way, the seller is going to be screwed by accepting PayPal, as merchandise, especially on vintage gear that is not in the exact condition described by seller, or some issue crops up within SIX months of purchase, and for which the buyer wants a full refund, no questions asked.?
?
Bob K3AC
In a message dated 9/21/2022 10:39:06 AM Eastern Standard Time, Mtniebs@... writes: ?
[Edited Message Follows]
REDUCED! I have a very nice, operational SX-111 with matching speaker for sale. Recapped and new three pronged power cord installed. On air tested. Side by side tests with my FT1000d were very favorable. Both cabinets have been tastefully (albeit not professionally) repainted and look very nice. The only alteration I did was to remove the heating resistor for the VFO that I thought was very poorly mounted. The VFO is very stable after a short warmup without it. I will include it should the new owner wish?to re-install it. Manual included (original MK I, but is almost identical to the basic SX-111). $270 shipped to lower 48. Paypal. OF COURSE NO WARRANTY EXPRESSED OR IMPLIED. ALL SALES FINAL.
|
Trying to change the subject line..
Well, isn't a postal money order unsafe if you are a buyer?
Is the ebay/Paypal $600 limit for a single transaction or total for the year?
73,
Gary
WB6OGD
On 09/21/2022 1:12 PM thoyer via groups.io <thoyer1@...> wrote:
The reason I stopped selling on ebay as well as no paypal.
$600 is a ridiculous threshold to trigger a 1099, used to be 20k.
I don't sell much anymore but cash in person (when appropriate) or check / postal money order has worked just fine for me.
Tom
W3TA
|
Robert Kembel
don Root
Bruce Collins