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Sale of My IHC Set Resolved
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<p>[QUOTE="Vess1, post: 24642268, member: 13650"]Yeah be ready for this crap again. Congress was “supposed to” be reviewing this level this year to adjust it back up to something a little more reasonable such 5-10k but have done nothing that I’m aware of this year so $600 level is back on. So no matter where you sell or how much, anything over 600 will trigger a 1099 this year assuming it’s all profit. Prices you originally paid will be important to knock your number down at tax time.[/QUOTE]</p><p><br /></p>
[QUOTE="Vess1, post: 24642268, member: 13650"]Yeah be ready for this crap again. Congress was “supposed to” be reviewing this level this year to adjust it back up to something a little more reasonable such 5-10k but have done nothing that I’m aware of this year so $600 level is back on. So no matter where you sell or how much, anything over 600 will trigger a 1099 this year assuming it’s all profit. Prices you originally paid will be important to knock your number down at tax time.[/QUOTE]
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