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<p>[QUOTE="TexasTwister, post: 1606279, member: 37455"]eBay is required to report sales where you meet BOTH of the following criteria: 200 transactions during 2012 AND $20,000 or more in sales, even if you have multiple i.d.s. All transactions and sales roll up under your social security number. If you don't meet that criteria, I wouldn't worry about it too much. If you do meet that criteria, you must be able to show your total cost vs. your total net. Where things would get hairy is where you are selling your own, personal collection that you accumulated over many years. What makes matters worse is if you are doing a combination of selling coins for profit and selling your personal collection. </p><p><br /></p><p><a href="https://cms.paypal.com/us/cgi-bin/marketingweb?cmd=_render-content&content_ID=marketing_us/IRS6050W" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://cms.paypal.com/us/cgi-bin/marketingweb?cmd=_render-content&content_ID=marketing_us/IRS6050W" rel="nofollow">https://cms.paypal.com/us/cgi-bin/marketingweb?cmd=_render-content&content_ID=marketing_us/IRS6050W</a>[/QUOTE]</p><p><br /></p>
[QUOTE="TexasTwister, post: 1606279, member: 37455"]eBay is required to report sales where you meet BOTH of the following criteria: 200 transactions during 2012 AND $20,000 or more in sales, even if you have multiple i.d.s. All transactions and sales roll up under your social security number. If you don't meet that criteria, I wouldn't worry about it too much. If you do meet that criteria, you must be able to show your total cost vs. your total net. Where things would get hairy is where you are selling your own, personal collection that you accumulated over many years. What makes matters worse is if you are doing a combination of selling coins for profit and selling your personal collection. [URL]https://cms.paypal.com/us/cgi-bin/marketingweb?cmd=_render-content&content_ID=marketing_us/IRS6050W[/URL][/QUOTE]
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