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<p>[QUOTE=&quot;fatima, post: 1106205, member: 22143&quot;]You just posted it.&nbsp;&nbsp; &quot;Starting in 2012, the new regulations require any taxpayer with business income to issue 1099 forms to all vendors from whom they purchased more than $600 of <b>goods and services </b>in one tax year.&quot;&nbsp;&nbsp; If you sell a coin to a dealer it is considered a &quot;goods and services&quot;, the business has to file a 1099 on it under the new law and you as the one named as the vendor on that 1099 will have to file a tax form that covers it.&nbsp; Now you as the individual may consider the income as a capital gain on your taxes, but that is totally irrelevant to this process. </p><p><br /></p><p>The bottom line is this new law affects anyone selling coins regardless of whether they are a business or not.[/QUOTE]</p><p><br /></p>

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