[Milsurplus] Selling stuff & fests

Gordon Smith gfsmith at cox.net
Wed Jun 8 14:08:32 EDT 2022


I can independently verify this. My wife had a bunch of internal game 
credits and you can actually exchange these credits for real money. 
The amount was over the $600 limit and I was contacted by the company 
transferring the credit to get information so that they could send me 
a 1099 form.

73, Gordon KJ6IKT

At 09:45 AM 6/8/2022, CL in NC via Milsurplus wrote:
>The hamfest comments could be an entire website, bottom line, in 
>reference to the vintage gear and parts, only a minuscule number of 
>hams build anything.  In the model train world, there used to be 
>kits galore, from rail cars and loco's to buildings and 
>structures.  Now, everything is prebuilt, even buildings can be 
>bought fully landscaped and weathered, by all those slaves in China, 
>plus you can contract to have a train empire built by 
>professionals.  It is rare to find a commercial offering in kit form 
>except in specialized shops such as Micro-Mark.  BUT...a comment was 
>made about selling on Ebay and the like.  The new IRS tax laws will 
>drive us all back to the garage sale, and flea market, and maybe 
>even to hamfests again.  If you sold your whiz bang knobless black 
>box radio on Ebay for more than $599, it now will reported to the 
>IRS as taxable income. If you sell enough stuff on Ebay over a year 
>that adds up to more than $599, it will be reported. Better keep 
>every receipt you ever had if you sell stuff on the commercial 
>sites, and keep H&R Block busy next year.  I do not think this 
>applies to sites such as QTH that requests a donation when you sell 
>something, so keep them in mind instead of Epay.
>
>Charlie, W4MEC in NC



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