Lawmakers fight new Biden Regime rules that force Americans to fill out tax forms on all Venmo and PayPal transactions over $600

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December 06, 2022, 04:45 PM

ZSMICHAEL

Lawmakers fight new Biden Regime rules that force Americans to fill out tax forms on all Venmo and PayPal transactions over $600

https://www.kiplinger.com/taxe...-reporting-threshold

Good article that explains what to do if you get a 1099-K.

December 20, 2022, 07:31 PM

doublesharp

quote:
Originally posted by doublesharp:
rope a dope and will never happen - gives us something to worry about while they steal elections

This will pass.

https://www.cnbc.com/2022/12/2...nge-up-from-600.html

Hagerty, Manchin propose $10,000 threshold for Venmo, PayPal tax reporting change — up from $600

________________________
God spelled backwards is dog

December 22, 2022, 10:19 AM

chellim1

I'm going to have to re-think using Gunbroker.
It used to be pretty easy to buy ammo in bulk and sell smaller lots on Gunbroker. Point, click and cover the cost of the ammo I shoot. Easier than re-loading.

But when I get a 1099 it's going to take a lot of time to report each transaction and try to determine my costs.

I suspect a lot of smaller Gunbroker sellers are going to simply stop selling there.

"Some things are apparent. Where government moves in, community retreats, civil society disintegrates and our ability to control our own destiny atrophies. The result is: families under siege; war in the streets; unapologetic expropriation of property; the precipitous decline of the rule of law; the rapid rise of corruption; the loss of civility and the triumph of deceit. The result is a debased, debauched culture which finds moral depravity entertaining and virtue contemptible."
-- Justice Janice Rogers Brown

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