Ebay tax reporting drops from $20,000 to $600

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01-26-2022, 02:37 PM

G1911

Gr.eg McCl.@y

Join Date: Dec 2015

Posts: 7,497

Technically, it doesn't change our taxes. It IS a titanic shifting of the burden of proof, to an effective guilty until proven innocent with how these 1099's work. Getting reimbursed for things will become a pain in the ass, especially if the bank account monitoring eventually gets through. I will have to record and itemize every penny from every dinner with my friends, etc when that happens.

It's not like I have receipts for my purchase price of every card I've bought in my life. It's going to be a pain when, while being 100% honest on my taxes, I won't be able to prove it because I can't prove my profit on a card I bought in 1999 with cash at a show, if I remember the purchase price.

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