Thanks for the insights. I don't know that I hit the requirements for 2011, but I sure hope not - I was completely in a 'hobby' mindset for several hobby buy/sell transactions, and was never concerned about having to prove it later. I do wonder how most of the ebayers just trying to supplement unemployment/retirement are going to deal with this.
If you think about it, $20,000 gross sales does not generally result in much profit - 15% profit is only $3,000. Taxes are much more than that.
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$co++ Forre$+
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