Quote:
Originally Posted by Leon
Hey John
I think the only thing that matters when you sell, in so far as taxes are concerned, is what you bought it for and what you sold it for. I have been audited once and my few card sales that year made it through with flying colors. A 1099 that I never saw nor reported, didn't fly through. 
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The IRS eventually matches every single W-2, 1099, K-1, and all other information reports sent to them by third parties to every taxpayer's filed returns. Could take a year or two before they get it done, but if you missed something where you could end up owing them money..........you will eventually hear from them.