[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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