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Old 02-26-2008, 08:50 AM
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Default IRS Form 1099 from Mastro Auctions

Posted By: Dave Haas

I know this sounds un American, but if the IRS has not been informed of the purchase of a card or of the sale of a card (via 1099) how would they know you owe taxes on it? I don't recommend tax avoidance but I'm sure there are items bought and sold on Ebay all the time that no one pays taxes on.

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