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tokes_4_DE t1_j1hzwdl wrote

Flippers suck, but the flippers in my scenes definitely will exceed the old rule of 20k sales / 200 transactions normally anyway. Meanwhile i have countless single items that would exceed this new rule of 600 dollars. I also have no documentation on all these items, since some are up to a decade old, so how tf do i prove if i sell a canvas painting for say 2k that i paid the same amount for it years ago (and taxes were paid on both the buying and selling side back then). If i cant prove i paid x amount for it, is it treated as pure profit in the business sense? And if so, that means paying a big chunk of taxes ontop of that. The whole thing is just extremely overthetop and is going to hurt hobbyists as much if not more than the flippers.

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