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Reply to "Selling things on craigslist might be back!!!"
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[quote=Anonymous]Agree, selling used goods at a loss does not yield income -- it's a virtual garage sale, not a business, and the money is not taxed. The rule that required eBay and others to issue 1099s at, what is it, $650, is ridiculous. Rich people are not selling their used clothes and toys on eBay. They should be going after the businesses that use the platform, which is why the $10,000 threshold made much more sense.[/quote]
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