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Reply to "Selling things on craigslist might be back!!!"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]So you're using craigslist to avoid ebay 1099, which is.... illegal. Thanks for not paying your fair share in taxes. [/quote] As others have said, that's not how taxes work. If you sell your couch that was originally $2000 for $50, that's a loss, no tax. The 1099 rule for ebay is to catch the people that are running a business and actually making profit. Which is why the $600 is stupid. I sold 2 bags and 3 pairs of shoes from my closet last year, and I would have gotten a form for that limit. Seriously, I have no problem with forcing businesses to pay taxes but imposing this burden on occasional sellers is nuts. [/quote] Exactly. Go after the volume sellers on Ebay. Go after the corporate rental outfits like Blackrock. Go after the AirB&B businesses. Don't force the occasional sellers to maintain accounting documents for your pleasure. Jeez.[/quote]
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