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Taxes when you sell Junk Silver?
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<p>[QUOTE="justafarmer, post: 1018844, member: 3926"]At a coin show - how do you tell the businesses from ordinary people? </p><p><br /></p><p>Those who gather the required information to correctly file 1099s are probably dealers - those who don't gather this information are probably not. Dealers who do not comply with the 1099 rules if caught are subject to fines and back-up withholding.</p><p><br /></p><p>I agree the new 1099 rules are a pain in the rear - but it is not as complicated as we seem to be making it.[/QUOTE]</p><p><br /></p>
[QUOTE="justafarmer, post: 1018844, member: 3926"]At a coin show - how do you tell the businesses from ordinary people? Those who gather the required information to correctly file 1099s are probably dealers - those who don't gather this information are probably not. Dealers who do not comply with the 1099 rules if caught are subject to fines and back-up withholding. I agree the new 1099 rules are a pain in the rear - but it is not as complicated as we seem to be making it.[/QUOTE]
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