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| 1099-K Back Up https://luthiersforum.com/forum/viewtopic.php?f=10137&t=55425 |
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| Author: | fumblefinger [ Sun Dec 25, 2022 1:11 am ] |
| Post subject: | 1099-K Back Up |
Looks like the IRS is postponing the requirement to declare profits from sales over $600. https://finance.yahoo.com/news/irs-dela ... 00084.html |
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| Author: | Chris Pile [ Sun Dec 25, 2022 1:17 am ] |
| Post subject: | Re: 1099-K Back Up |
As far as I'm concerned they can all go to blazes. |
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| Author: | Hesh [ Sun Dec 25, 2022 3:08 am ] |
| Post subject: | Re: 1099-K Back Up |
fumblefinger wrote: Looks like the IRS is postponing the requirement to declare profits from sales over $600. https://finance.yahoo.com/news/irs-dela ... 00084.html Good to hear and what a stupid thing to do in the first place too. Maybe the push-back will result in a permanent reprieve from this poor policy change. |
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| Author: | Glen H [ Sun Dec 25, 2022 4:19 pm ] |
| Post subject: | Re: 1099-K Back Up |
Oh now come on… the government needs the money. If they don’t get it they will have to go into debt! We don’t want that right? |
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| Author: | rlrhett [ Mon Dec 26, 2022 10:19 pm ] |
| Post subject: | Re: 1099-K Back Up |
Yes, because the problem is that the IRS is too easy on the little guys. Those Etsy billionaires should pay taxes just like poor Brezos and his ilk. Sent from my iPhone using Tapatalk Pro |
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| Author: | jfmckenna [ Thu Jan 05, 2023 11:36 am ] |
| Post subject: | Re: 1099-K Back Up |
So if you bought a Martin guitar for $1100 dollars in 1990 and sold it today for $700 on Reverb or something and used Paypal they would charge you tax on a sale of a used instrument that you lost money on? Or are you supposed to know where the receipt is for the guitar you bought 30 years ago to show you are not profiting. I mean... Sheeesh! |
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