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<p>[QUOTE="Digenes, post: 939876, member: 16318"]Ok I a totally confused. If I sale 600 or more dollars to a dealer, than the way I a understanding this, is that the dealer has to issue me a 1099 to account where his 600 dollars was paid out to, and I would have to show this 600 dollars on my income taxes and either prove it was at a lost or gain, meaning that for every coin I buy, I need to have a solid paper trail. Or even if I sell him 300 dollars at one transaction and 400 dollars at another than he would need to issue me a 1099?</p><p>Now the question is, how is this going to screw up our poor veterans who under SS disablity *not allowed to make 400 per month with out losing their SSD* or for that matter US Disabled Vets whom the VA says we can not make any earned income at all or lose a vast majority of our VA disablity? I can see a very slippery slop taking place here. Unless I am reading this law totally wrong.</p><p> </p><p>Dave USNR and Disabled VET.[/QUOTE]</p><p><br /></p>
[QUOTE="Digenes, post: 939876, member: 16318"]Ok I a totally confused. If I sale 600 or more dollars to a dealer, than the way I a understanding this, is that the dealer has to issue me a 1099 to account where his 600 dollars was paid out to, and I would have to show this 600 dollars on my income taxes and either prove it was at a lost or gain, meaning that for every coin I buy, I need to have a solid paper trail. Or even if I sell him 300 dollars at one transaction and 400 dollars at another than he would need to issue me a 1099? Now the question is, how is this going to screw up our poor veterans who under SS disablity *not allowed to make 400 per month with out losing their SSD* or for that matter US Disabled Vets whom the VA says we can not make any earned income at all or lose a vast majority of our VA disablity? I can see a very slippery slop taking place here. Unless I am reading this law totally wrong. Dave USNR and Disabled VET.[/QUOTE]
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