OT: IRS Paypal Tax Situation

ruth-gehrig · #1 10-19-2016, 11:17 AM

Quote:

Originally Posted by mechanicalman

Does anyone know if auction houses report your "income" if you consign some cards and subsequently receive a large check?

Within the past 2 weeks REA, Goldin and SCP have all told me they DO NOT report sales to the IRS

BeanTown · #2 10-19-2016, 04:17 PM

Didn't EBay win a large law suit to not turn over sales to the IRS. They just report their profits from facilitating the sale between the buyer and seller. I think AHs are in the same boat.

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