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Big Beautiful Bill rolls back 1099K amounts to previous limits

carew4mecarew4me Posts: 3,659 ✭✭✭✭
in Precious Metals

https://www.bankrate.com/taxes/1099-k-tax-rules-what-you-need-to-know-if-you-get-paid-via-venmo-cash-app-or-paypal/

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Comments

  • derrybderryb Posts: 38,528 ✭✭✭✭✭

    Previous discussion on the US Coin Forum

    When gold and silver move together, it signals the coming end of fiat money.

  • taxmadtaxmad Posts: 1,178 ✭✭✭✭

    I do wish they would raise the 1099 limit. $1200 creates too many forms that yield too little tax.

  • derrybderryb Posts: 38,528 ✭✭✭✭✭
    edited August 7, 2025 8:03PM

    @taxmad said:
    I do wish they would raise the 1099 limit. $1200 creates too many forms that yield too little tax.

    which 1099 are you referring to? There are at least 11 of them.

    When gold and silver move together, it signals the coming end of fiat money.

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