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<p>[QUOTE=&quot;kaparthy, post: 1018796, member: 57463&quot;]If you buy or sell more than $600 of anything, a 1099 will be generated <b>by the person who pays </b>for the goods or services.&nbsp; <b>If you buy more than $600 in coins, this means you.</b> </p><p><br /></p><p>But don&#039;t take my word for it.</p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p>From the actual law itself.&nbsp; PUBLIC LAW 111–148—MAR. 23, 2010 124 STAT. 119; Public Law 111–148 111th Congress; An Act Entitled &quot;The Patient Protection and Affordable Care Act.&quot;&nbsp; (<a href="http://frwebgate.access.gpo.gov/cgi-bin/getdoc.cgi?dbname=111_cong_public_laws&amp;docid=f:publ148.111.pdf" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://frwebgate.access.gpo.gov/cgi-bin/getdoc.cgi?dbname=111_cong_public_laws&amp;docid=f:publ148.111.pdf" rel="nofollow"></a></p><p><a href="http://frwebgate.access.gpo.gov/cgi-bin/getdoc.cgi?dbname=111_cong_public_laws&amp;docid=f:publ148.111.pdf" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://frwebgate.access.gpo.gov/cgi-bin/getdoc.cgi?dbname=111_cong_public_laws&amp;docid=f:publ148.111.pdf" rel="nofollow">Link to all 900+ pages PDF here</a>.&nbsp; </p><p>I started with the <b>Library of Congress&#039;s Thomas site</b> you need to know about if you do not already, entered the Public Law number and followed the link to the Government Printing Office.)</p><p><br /></p><p><br /></p><p><br /></p><p>Section 6041 of the IRS code mandates the issuance of a 1099 for <b>wages</b>.&nbsp; I get several every year.&nbsp; If I sell more than $600 of articles to any one publisher, they send me a 1099. If I sell less, that all gets itemized and entered under &quot;Other Income not Reported.&quot;&nbsp; <b>Now the new law 2012, includes all goods and services, not just wages.</b></p><p><br /></p><p><br /></p><p>This is the IRS Code.&nbsp; (I googled IRS Code. Went to the IRS website and the followed the link to the contractor, Cornell University, which provided the text in PDF.)</p><p>TITLE 26 &gt; Subtitle F &gt; CHAPTER 61 &gt; Subchapter A &gt; PART III &gt; Subpart B &gt; § 6041.</p><p>It is right at the top, section a:</p><p><br /></p><p><br /></p><p>If you buy or sell more than $600 of anything, a 1099 will be generated by the person who pays for the goods or services.&nbsp; If you buy more than $600 in coins, this means you.[/QUOTE]</p><p><br /></p>

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