[puckpaul]

Originally Posted by G1911

I think you may have replied to the wrong person, as I didn't talk about garage sales at all, or most of what you are talking about. I know how PayPal works...

Garage sales and face to face absolutely are affected though - I don't have proof of what I paid (and thus, to calculate my profit form an eBay sale) from a face to face transaction 20 years ago, or often even memory of what it was myself. As I am taxed on PROFIT, it's going to be a total pain in the ass at best to survive auditing, as I can't prove what I paid at a Card Show 15 years ago to then calculate from an eBay sale next month.

As to your last paragraph, If I have to hire a professional to make sure I don't get !@#$% by the state over a few eBay sales that I wasn't cheating about on my taxes in the first place, well.... That's exactly why this is a problem and ridiculous. It is a shift of the burden of the proof, and creates a ton of headaches. After losing 45%+ of my sale price when I can't show what I originally paid, and then hiring a professional, there's even less reason to sell. Its not much more profitable than burning my duplicates in the fireplace.

+1, this is a nuisance and an unnecessary requirement for small $ transactions for most of us. Hopefully we can vote some people in that can change this.