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<p>[QUOTE="Hobo, post: 1118598, member: 11521"]How so? Sure, Wal-Mart would have to report their cumulative purchases of $600 or more but they purchase goods and products in such HUGE quantities that somehow I don't think the $600 trigger would greatly affect them. </p><p> </p><p>Perhaps you are confusing purchases with sales. Wal-Mart does not have to file a 1099 for sales. If you purchase something at Wal-Mart you get a receipt but Wal-Mart will not file a 1099 for the purchase because you (the customer) paid money to Wal-Mart. If you sold something to Wal-Mart and received money from them for that sale then Wal-Mart may have to file a 1099 to report the money paid to you.[/QUOTE]</p><p><br /></p>
[QUOTE="Hobo, post: 1118598, member: 11521"]How so? Sure, Wal-Mart would have to report their cumulative purchases of $600 or more but they purchase goods and products in such HUGE quantities that somehow I don't think the $600 trigger would greatly affect them. Perhaps you are confusing purchases with sales. Wal-Mart does not have to file a 1099 for sales. If you purchase something at Wal-Mart you get a receipt but Wal-Mart will not file a 1099 for the purchase because you (the customer) paid money to Wal-Mart. If you sold something to Wal-Mart and received money from them for that sale then Wal-Mart may have to file a 1099 to report the money paid to you.[/QUOTE]
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