Involuntary Coach ban support group
- Thread starter LauraTracy
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Technically you were always supposed to report your income. Ebay made a mistake for 2021 and sent me a 1099 even though I didn't reach the threshold but it was more than $600. They sent me an email saying it wasn't sent to the IRS but I don't know if that is true. I wonder what will happen if I don't put it on my taxes.
For 2021 not unless it is over $20,000. For 2022, as long as it is more than $600.
It's such a big difference. It's as if Uncle Sam wants to nickel and dime basically everyone trying to sell something.
I wonder how this applies to foreign sellers?
Probably nothing.
Only for people with residency in the US.
Just bought two slgs... and really want a kisslock/double kisslock utility/coin purse... sigh! Haha x
eta I really have to stop my spending so I'm lucky I'm not seeing any prices/colours/condition ones I want.
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I've never found a double kisslock vintage coin purse. I used to have double kisslock nonvintage that was big enough for credit cards. I shouldn't have gotten rid of it. It looked like this:
I have two vintage coin purses. I've never used either. They are so cute I don't want to ruin them with coins!
I used to have a bunch of tiny nonvintage coin purses. The only one I ever used was one that was already in lousy condition. Again, I didn't want to ruin them. Here are a couple. Aren't they adorable?
Now I use a vintage Chanel for my coins. It isn't a kisslock. It is black leather in and out so I don't have to worry about coins staining it.
They're all GORGEOUS! Especially the lime and double kisslock. Does anything else fit in the lime?
I'm with you exactly on not wanting to ruin them with coins. That's why I want a kisslock on the bigger side so I can put my cards/other stuff in. But then if the two vintage card cases I just bought at a great price (and have always wanted) are as expected I won't have any excuse to buy a kisslock!
I agree. I hate that they are picking on the little guy.
Thanks! I think the green one is from around 1996. It is fairly big for a coin purse but because of the frame, it won't hold cards. I don't think it was ever used. There is a bit of unintentional two-tone that I love.
What kind of card cases did you buy? I have a Gramercy one I've never found in a catalog. It just has a flap with a snap closure but has gussets along the flap so if you use it for coins they won't spill out when you open it.
Just bought another bag... in a style I want, in glacier blue and mint condition. Very very expensive. But I wanted it
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If they actually did send to IRS and you don't report you will just get a CP2000 in the mail. It is computer generated. It will have proposed additional taxes/penalty that you can agree and pay or disagree and state why. If you didn't make a profit all you do is respond that you received payments, but you also have receipts (COGS) for the items and there was no net profit. Or if there was a small profit show that and send the additional tax owed. With how backed up they are it would probably take forever to get a response. If they did not send to IRS just keep your records.
Thanks! I got a CP2000 a few years ago when I made a mistake on my son's taxes. I put something in the wrong year. I panicked and immediately filed amended tax returns for both years. Later I talked to someone there who told me that if I had just called, they would have accepted my explanation and I wouldn't have had to do anything.