January 1 could be interesting thanks to congress.

[JustinD]

Meh, I think being excited about January is a bit of a waste of thinking time.

A divided government is is good for the economy as neither collective can pass stupid programs. Nothing honestly soothes the panic of investors like gridlock.

However, reversing previous poor policy takes more than the House. It is far more stepped process, I would not hold my breath as you likely will see nothing on that front until a new administration.

Those 1099s are not disappearing.

[Fred]

Well, I guess when we're dead it won't matter because we won't have to deal with it, however our families will be stuck trying to figure it all out.

I don't know about the rest of the collecting community but I haven't kept a log of every purchase and how much I paid for things, but then again a lot of the stuff that I have was purchased years ago so proof of how much I paid probably wouldn't offset the profit anyway.

It'd be nice if the government would just stay the phuc out of my hobby, but I can understand that this has transcended beyond just hobby status.

Does anybody know where the $600 level came from? That's just absurd.

[Exhibitman]

Originally Posted by Fred

Does anybody know where the $600 level came from? That's just absurd.

It is the same 1099 threshold that businesses have been dealing with for decades. Under that is considered a small enough figure not to bother with. All they did was extend it to these transactions.