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EBay, Collectors, Flea Market & Antiques

bucolic_frolic

(47,607 posts)

5. They make this whole thing so complicated

Reply to CountAllVotes (Original post)

Sun Dec 3, 2023, 08:54 AM

Dec 2023

They should just issue a gross revenue form, deduct 40% for shipping and expenses, subtract any provable basis with receipts, and tax what's left.

Maybe for people above $20k sales keep the existing system.

Most online sellers are little more than hobbyists who sell the junk that's gone through their lives at fire sale prices. They're trying to get blood from a stone.

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Highlight:

IRS Announces Big Changes To Form 1099-K, Including Another Reporting Delay [View all] CountAllVotes Dec 2023 OP

I hope they continue to delay this requirement beyond 2023. Paper Roses Dec 2023 #1

I hear you! CountAllVotes Dec 2023 #2

It's taxable Bludogdem Dec 2023 #3

How the hell can someone prove what they paid for something bought in 1987? MichMan Dec 2023 #4

They make this whole thing so complicated bucolic_frolic Dec 2023 #5

How long can the IRS keep delaying tax laws from taking effect ? MichMan Dec 2023 #6