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<p>[QUOTE=&quot;umtrr-author, post: 203682, member: 5719&quot;]Technically, any income is taxable unless it&#039;s specifically sheltered in a manner that is defined by the IRS.&nbsp; Proper recordkeeping would help mitigate this, of course... and would cost you a proportion of the time you have available for the actual hobby.</p><p><br /></p><p>The date of the SFGate article was February 27, 2007 and it seemed that eBay was trying to fight its designation of a &quot;broker&quot; which would mandate their reporting of income.&nbsp; Since eBay likes to keep itself away from the messiness of individual transactions (excepting, of course, the collection of its ever-rising fees!) I can&#039;t see them giving in this fast with respect to the note that was sent to a seller (Eddiespin&#039;s sister).&nbsp;&nbsp; I&#039;d really like to see that notice if you have it, Eddie.</p><p><br /></p><p>They didn&#039;t really give in on the collection of sales tax either, so I don&#039;t seem them yielding on the income reporting requirements.&nbsp; They do have a point in that coin show organizers don&#039;t go around checking on dealers&#039; sales and report that.&nbsp; (But show venues in some states are responsible for verifying sales tax certificates.)&nbsp; </p><p><br /></p><p>Well, I know what I&#039;d do if I owned eBay stock (which I don&#039;t) and this actually happened![/QUOTE]</p><p><br /></p>

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