Kyrpajyra
Banned
Well-known member
Still nothing compared to taxing in finland :--DSo I decided to list a few things on Reverb this week and this popped up on their site ( US tax reporting rules have changed for 2022. We'll need some info from you if you sell $600 or more this year) ... Hmm , Interesting as I thought the amount was originally 20,000 in sales and you would receive a 1099 and I guess this is the new norm.
I pay my taxes and get how it works but my fair share just got to be more than my fair share .
I understand this for a business that sells on there but for the guy who is just buying and selling used gear just to try new things and hardly ever making a real profit if any as I usually take a loss or if I am lucky just break even it seems like overreach and is quite invasive not to mention now I have to prove at the end of the year that I didn't make a profit ... WTF I feel this is total bullshit and I guess I may be done altogether selling with Reverb/Ebay , but what's next are they going to monitor PayPal etc?
If your just buying gear and flipping for feeding your gas addiction and the used gear has already been taxed when it was originally new I see no reason why this is a requirement other than double dipping and taxing us over and over again which is total Bullshit! Yes I realize this is only if you make a profit over 600.00 but the overreach and the fact that it's now something I have to prove is unacceptable! I guess selling to the local Guitar center just got more appealing