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Started By
Message
re: IRS warns taxpayers about new $600 threshold for third-party payment reporting
Posted on 11/26/22 at 11:12 am to Turnblad85
Posted on 11/26/22 at 11:12 am to Turnblad85
quote:
I got a notice from ebay that said before they can deposit anymore money in my checking account from the junk I've sold I had to give them my social number. It was because I was over the $600 limit.
So I guess now I will pay taxes on stuff that I've already paid taxes on and now resold?
You are selling it at a loss. Hopefully someone pushes the issues that these should be deductions for many people, not income.
2
Posted on 11/26/22 at 11:13 am to go ta hell ole miss
You can make that argument, but you have to have the documentation.
Posted on 11/26/22 at 11:16 am to go ta hell ole miss
quote:
You are selling it at a loss. Hopefully someone pushes the issues that these should be deductions for many people, not income.
Right, but you have to take time to document and prove it. More bullshite hoops to jump through.
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