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Taxes when you sell Junk Silver?
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<p>[QUOTE="justafarmer, post: 1018942, member: 3926"]Alex - you would have made a payment for the purchase of goods and services in the course of conducting a trade or business. You would have to file a 1099 reporting the amount of payment and the taxpayer information of the prson or entity you purchased the goods or services from.</p><p><br /></p><p>But</p><p>The person or entity you purchased the goods or services from is not required to file a 1099 because they did not make a payment for goods or services they are the ones that provided the goods or services.[/QUOTE]</p><p><br /></p>
[QUOTE="justafarmer, post: 1018942, member: 3926"]Alex - you would have made a payment for the purchase of goods and services in the course of conducting a trade or business. You would have to file a 1099 reporting the amount of payment and the taxpayer information of the prson or entity you purchased the goods or services from. But The person or entity you purchased the goods or services from is not required to file a 1099 because they did not make a payment for goods or services they are the ones that provided the goods or services.[/QUOTE]
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Taxes when you sell Junk Silver?
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