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<p>[QUOTE=&quot;Cloudsweeper99, post: 952750, member: 3011&quot;]It&#039;s an additional cost to the dealers to prepare the 1099s and a lot more time spent on paperwork.&nbsp; This has nothing to do with taxes on gains.&nbsp; It&#039;s a requirement to issue a 1099 for purchases over $600.&nbsp; What if you have 5,000 sales transactions during the year and it takes 30 minutes to prepare each 1099.&nbsp; Add it up.&nbsp; It&#039;s a lot of time and money.[/QUOTE]</p><p><br /></p>

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