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Crazy new IRS rule
#8
The IRS doesn't have the manpower to chase all you small-time sellers. If they come knocking, just create a ledger with your best, honest recollection of when you bought it. You should at least have a pretty good idea of whether it was a year ago or not. If it was more than a year ago, it's long-term capital gains and not taxed below a threshold, and what it cost does not matter. That will satisfy IRS drone and it will be on its way.
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Messages In This Thread
Crazy new IRS rule - by freeradical - 04-15-2022, 11:12 PM
Re: Crazy new IRS rule - by jonny - 04-15-2022, 11:56 PM
Re: Crazy new IRS rule - by chopper - 04-16-2022, 12:36 AM
Re: Crazy new IRS rule - by Racer X - 04-16-2022, 12:38 AM
Re: Crazy new IRS rule - by Acer - 04-16-2022, 12:45 AM
Re: Crazy new IRS rule - by C(-)ris - 04-16-2022, 12:56 AM
Re: Crazy new IRS rule - by gadje - 04-16-2022, 01:12 AM
Re: Crazy new IRS rule - by Acer - 04-16-2022, 01:31 AM
Re: Crazy new IRS rule - by Speedy - 04-16-2022, 02:03 AM
Re: Crazy new IRS rule - by Speedy - 04-16-2022, 02:04 AM
Re: Crazy new IRS rule - by DP - 04-16-2022, 02:09 AM
Re: Crazy new IRS rule - by gadje - 04-16-2022, 02:48 AM
Re: Crazy new IRS rule - by RAMd®d - 04-16-2022, 03:36 AM
Re: Crazy new IRS rule - by Speedy - 04-16-2022, 03:45 AM
Re: Crazy new IRS rule - by mattkime - 04-16-2022, 03:56 AM
Re: Crazy new IRS rule - by Speedy - 04-16-2022, 04:05 AM
Re: Crazy new IRS rule - by anonymouse1 - 04-16-2022, 04:14 AM
Re: Crazy new IRS rule - by testcase - 04-16-2022, 04:43 AM
Re: Crazy new IRS rule - by pqrst - 04-16-2022, 04:46 AM
Re: Crazy new IRS rule - by OWC Larry - 04-16-2022, 05:06 AM
Re: Crazy new IRS rule - by Mr645 - 04-16-2022, 11:13 AM
Re: Crazy new IRS rule - by chopper - 04-16-2022, 06:52 PM
Re: Crazy new IRS rule - by Acer - 04-16-2022, 08:36 PM
Re: Crazy new IRS rule - by Acer - 04-16-2022, 08:38 PM
Re: Crazy new IRS rule - by Michael - 04-16-2022, 09:02 PM
Re: Crazy new IRS rule - by decay - 04-18-2022, 02:22 AM
Re: Crazy new IRS rule - by dk62 - 04-18-2022, 03:08 PM
Re: Crazy new IRS rule - by freeradical - 04-18-2022, 03:14 PM
Re: Crazy new IRS rule - by C(-)ris - 04-19-2022, 02:33 AM

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