hedgefundtradingdesk ✭✭✭

The problem is coins are a low margin business. Dealers are lucky to get double digit margins, and collectors on average lose money. What does this mean for someone with $600 in sales, or even $20,00… (View Post)

Which requires documentation. I'm not familiar with an IRS that "takes your word for it." (View Post)

Why shouldn't income taxes be due on the profits of coin sales? In theory they should be. The 1099 issue is just an attempt to find the tax cheats. Imagine three ebay sellers, all of whom have 10k in… (View Post)

I am genuinely curious if Heritage, Stacks, GC, CU, etc. have official corporate positions on whether auction sites should be forced to issue 1099-Ks to all their clientele. The next question would b… (View Post)

> I think the main difference between Hobbyist and Business is schedule D vs schedule C. Hobbyists get a lower tax rate (long-term collectible) vs Business (income plus self-employment tax) but Bu… (View Post)