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<p>[QUOTE="medoraman, post: 2233104, member: 26302"]Just because its not 1099 reportable does not make it income tax exempt for any profit you make. Just to clarify for those who might believe otherwise. Just because its not on information reporting does not negate profit taxability.</p><p><br /></p><p>Edit: Sorry, I guess Frank and Toughcoins already beat me to it. I was not meaning to pile on.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 2233104, member: 26302"]Just because its not 1099 reportable does not make it income tax exempt for any profit you make. Just to clarify for those who might believe otherwise. Just because its not on information reporting does not negate profit taxability. Edit: Sorry, I guess Frank and Toughcoins already beat me to it. I was not meaning to pile on.[/QUOTE]
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