(Topic ID: 307200)

Will Pinside have to report sales to the IRS with new 2022 tax laws?

By daly124

2 years ago


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  • 82 Pinsiders participating
  • Latest reply 2 years ago by bigguybbr
  • Topic is favorited by 12 Pinsiders

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    #31 2 years ago
    Quoted from EJS:

    You should meet the coin collecting group.
    Apparently any family member that recovers their loved ones rare coins or gold are basically legally forced to become a dealer before they transact. This is aside from anyone who illegally posses any coin that was supposed to be turned into the government over 100 years ago.
    I’m not into coins but my friend is so I’m told it goes something like this.

    Word on the street is that’s why nobody don’t know any coin collectors. Nobody collects coins. Rare coins and gold “owed” to the government? Never heard of it!
    Personally, I don’t own any Crypto, Gold, or Guns, everything was lost in a terrible boat house accident. Sorry IRS

    #41 2 years ago

    To be more on topic, Pinside doesn’t actually transact anything. Merely being a marketplace doesn’t matter if they’re not acting as an exchange.

    CL doesn’t charge nor report you to the IRS, because they merely connect buyers and sellers, they don’t actually handle any money. Facebook, no sure, are you taking payment through marketplace? That may be your first mistake. Don’t give Big Tech your entire life on one website

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