The Rolex Forums   The Rolex Watch

ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX


Go Back   Rolex Forums - Rolex Forum > General Topics > Open Discussion Forum

 
 
Thread Tools Display Modes
Prev Previous Post   Next Post Next
Old 10 February 2018, 01:02 AM   #1
wantonebad
2024 SubLV41 Pledge Member
 
wantonebad's Avatar
 
Join Date: Nov 2007
Location: USA
Watch: 126600, 116500LN
Posts: 12,849
Massachusetts and Vermont Residents 1099 Fears Realized

And from what I've read other states are to follow!!

If you sell more than $600 online, and receive that income through PayPal you are getting a 1099 for that money and have to account for that income on your tax return. It's new this year for MA and VT and other states are going to institute this next year so keep this in mind!!

I had no idea and now I have to account for $7000 for two watch sales I had, god I love tax season!!
__________________
"I'm kind of a big deal...
on a fairly irrelevant social media site
that falsely inflates my fragile ego"
wantonebad is offline   Reply With Quote
 


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

OCWatches

Wrist Aficionado

My Watch LLC

WatchesOff5th

DavidSW Watches

Takuya Watches


*Banners Of The Month*
This space is provided to horological resources.





Copyright ©2004-2024, The Rolex Forums. All Rights Reserved.

ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX

Rolex is a registered trademark of ROLEX USA. The Rolex Forums is not affiliated with ROLEX USA in any way.