Quote:
Originally Posted by bnorth
It is not because of people selling a few cards. It is because of a lot of people running what is basically a full blown business without paying any taxes.
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I feel like those people were already getting 1099s from hitting the 200 transactions and $20K combo threshold. Anything close to resembling a full-blown business would at least do that probably.
We should all pay our taxes, but this puts a lot of extra accounting burden on the shoulders of relatively low-earners in a lot of cases.