glpg80
Well-known member
The $600 barrier tax reporting law was pushed off another year.
A couple of states were already doing it, or early adopted it. I'm in NJ and had to do it last year. Fucking politicians, they're all whores.
Yeah MD requires it for state taxes on invoiced/business transactions. Since I sold it on reverb, they already took out state tax for the buyer in their state and I’ll have to claim the albeit small profits on my federal taxes. It’s like $60 to them but not claiming it will cause more headache. I’m not trying to scape goat my finances.
I think I also have to claim my wine red Les Paul on my state taxes even though it was a private friendly purchase. I don’t know though. This might be the year I hire an accountant to do my taxes for me as these laws are changing way too much as to what I am supposed to do.