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<p>[QUOTE=&quot;dave92029, post: 1015998, member: 26916&quot;]Duh!&nbsp; A 1099 is an &quot;information return&quot;. There is no tax/ revenue associated with the reporting of the information reported on any 1099. </p><p><br /></p><p>If a Tax were TO Be passed, Then the 1099 would be used to ascertain if the taxpayer reported all activities that Might trigger a taxable event. When you sell your home a 1099 is issued to report the transactions but for most average folks this does not trigger a taxable event, because there is usually a $250K/ $500K exclusion. </p><p><br /></p><p>A 1099 is no be deal! Relax and you can still sell/ buy on eBay w/o being required to issue a 1099 because you are probably not a Dealer, and the law ONLY effects DEALERS![/QUOTE]</p><p><br /></p>

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