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<p>[QUOTE="Cringely, post: 936609, member: 22271"]The wording is “Payments of $600 or more: All persons engaged in a trade or business and making payment in the course of such trade or business to another person, of rent, salaries, wages, <span style="color: red">amounts in consideration for property</span>, premiums, …”</p><p><br /></p><p>If you sell anything to a business or an entity that can be construed as a business by the IRS (<i>e.g.</i>, any eBay buyer with many hundreds of sales), a 1099 will have to be filed by the buyer (<i>and</i> within 2 weeks of the transaction), no matter what your status is.[/QUOTE]</p><p><br /></p>
[QUOTE="Cringely, post: 936609, member: 22271"]The wording is “Payments of $600 or more: All persons engaged in a trade or business and making payment in the course of such trade or business to another person, of rent, salaries, wages, [COLOR="red"]amounts in consideration for property[/COLOR], premiums, …” If you sell anything to a business or an entity that can be construed as a business by the IRS ([I]e.g.[/I], any eBay buyer with many hundreds of sales), a 1099 will have to be filed by the buyer ([I]and[/I] within 2 weeks of the transaction), no matter what your status is.[/QUOTE]
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