(Topic ID: 306191)

So games are now $10K - $20K, are people still paying with cash?

By kevmad

2 years ago


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    #109 2 years ago
    Quoted from metallik:

    The $600 limit was revised to $10K.

    They raised it to $10k in *combined* annual transactions. So basically everyone in this hobby gets reported to the IRS every year.

    It was sneaky AF to say they were changing it from $600 (single transaction) to $10k combined annual (basically $800 a month in withdrawal/deposits).

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