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#26
06-14-2022, 03:15 PM
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Bob,
A question on terminology for you. If a casual seller(not a business) on ebay or here or anywhere else, sells an item at a price lower than paid(probably more likely in the event of used merchandise than cards) no "taxable event" has occurred, yet they are receiving a 1099 for the gross proceeds. In theory the new 1099 issuance is creating a tax reporting requirement that is many cases not required, as no tax liability was created ??? 
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