I have a fairly large amount of quality duplicates. A lot have no cost as they are from probate etc. Not looking to make a lot of money just enough to buy more stamps. So I guess the real question is when do SCF members that regularly sell on E whatever or shows track sales and expenses and pay taxes? No I am not from the IRS!
The simple answer is when Paypal sends you a 1099 which is triggered by sales of $20,000. Technically people should report on sales at any level but I think many don't.
Which is another reason why ebay avoids doing any significant vetting of accounts. It benefits them to look the other way if someone wants to dodge the tax man with stealth accounts. Don
Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Stamp Community assumes no liability for errors. Copyright 2005 - 2026 Stamp Community Family - All rights reserved worldwide. Use of any images or content on this website without prior written permission of Stamp Community or the original lender is strictly prohibited. Privacy Policy / Terms of UseAdvertise Here
Posted 02/23/2017 5:26 pm
