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<p>[QUOTE=&quot;1970 Silver Art, post: 949985, member: 18828&quot;]Yeah I think that the argument for the $600 1099 reporting (effective Jan. 1, 2012) was that it was supposed to help pay for part of the healthcare reform. I do not know how that will help pay for it but I am venturing a guess that since 1099&#039;s will be handed out for anything that is $600 and over, then I guess that would mean that more taxpayers will step up and pay the taxes on any profit that made on a particular asset since there will be a paper trail. Honestly do not know. I think that this particular part of the healthcare bill was sneaked in because they knew that they could sneak it in.&nbsp;&nbsp; After all, most of the Congress people probably did not read the whole healthcare bill.[/QUOTE]</p><p><br /></p>

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