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<p>[QUOTE="rndnumismatic, post: 7921537, member: 124667"]I predict that with the new regulations coming to eBay in 2022, with automatic reporting to IRS if your "income" from selling on eBay is over $600 (this limit used to be $20k), there should and will be an uptick in collectors selling locally. I recall that there was language to treat coins and antiquities as a special category, with much higher taxation than other items.</p><p><br /></p><p>Unfortunately, I do not see local coin dealers benefiting from this new regulation, but I think what we as collectors should do is do more of trade/ sell items locally and within some networks, like this forum, for example.[/QUOTE]</p><p><br /></p>
[QUOTE="rndnumismatic, post: 7921537, member: 124667"]I predict that with the new regulations coming to eBay in 2022, with automatic reporting to IRS if your "income" from selling on eBay is over $600 (this limit used to be $20k), there should and will be an uptick in collectors selling locally. I recall that there was language to treat coins and antiquities as a special category, with much higher taxation than other items. Unfortunately, I do not see local coin dealers benefiting from this new regulation, but I think what we as collectors should do is do more of trade/ sell items locally and within some networks, like this forum, for example.[/QUOTE]
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