US Tax changes for Third Party Network Transactions

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If you sell old equipment or furniture on eBay, Facebook, or even just send money between friends on Venmo you will soon be required to report this to the IRS.

It was recently announced this change will be delayed until 2026, but the requirements for reporting a 1099-K has already changed in 2024.

What is a 1099-K?

Most people won't know what a 1099-K is because it is only required when you receive more than $20,000 in a year via a third party network such as PayPal, Cash App, or Venmo. In 2024, this is being reduced to $5,000 as a temporary transition to the final $600 amount now set for 2026. 2025 the threshold is currently planned to be $2,500 unless there are further delays.

It is up to the payment services you use to file a 1099-K and provide you a copy. If you receive this, you will need to file it with your taxes and zero out the reported income if it is a category that should be taxed. Example categories would be receiving money to cover a friends share of ski rental, money received selling used goods that come out to less than what you initially paid, using a service like Venmo to split dinner costs.

This change is to go after the "dirty cheats" trying to steal from the US government but will affect many who are doing nothing wrong. If you sell used gear on eBay at a loss, you are not required to file taxes as you did not make a profit. Under this new law however, the IRS will receive a 1099-K with all transactions you received through these services. You will now be required to defend yourself if questioned and potentially show proof that you did not profit from the transaction(s).

This means that 7 year old used computer you sold for $200 bucks will look like a profit to the IRS unless you provide receipts. There is a good chance most people won't be bothered and this won't be a major problem, but it is now something you need to be prepared for.

I believe they are mostly targeting those who are doing business on eBay or through Venmo selling services or new products. Although these type of people are either are very unsuccessful or are already being reported for making over $20,000.

This isn't a new reporting requirement, it is just the threshold has been drastically reduced. You may be familiar with the $600 threshold as that is the same amount the Biden administration has been trying get put in place for reporting all crypto transactions as well.

If you are doing nothing wrong, you have nothing to worry about but you do have additional responsibility now to report and document this transactions going forward. Although it is highly unlikely most people will run into a problem.

Posted Using InLeo Alpha

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$600 is lunch money.

Defund the IRS!

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STOP THE ABUSE ON HIVE

FAKE HIVE POLICE

HIVE IS DEAD

HIVE IS ONE BIG FARM

!LOL !WEED !MEME !GIF

60 votes
slobberchops [-]
gogreenbuddy [-]
cmplxty [-]
shanibeer [-]
antisocialist [-]
azabu [-]
acram64 [-]
mypathtofire [-]
willowranger [-]
bscrypto [-]
dhedge [-]
aaronkroeblinger [-]
lichtkunstfoto [-]
memehub [-]
chekohler [-]
modernzorker [-]
carn [-]
earthsea [-]
pinkhub [-]
kaylinart [-]
and 40 more

https://hive.blog/hive-104387/@bpcvoter3/se19g2

Downvoted BY HIVE FARMERS

slobberchops (81)in #life • 6 days ago
The_commentphant.jpg

6 days ago in #life by slobberchops (81)$0.00
Reply 3
Sort: Trending
[-]bpcvoter2 (-5)(1) 4 days ago · Will be hidden due to low rating
NO DOWNVOTES FOR MARKY MARK'S SELF VOTING !WEED

https://hive.blog/life/@slobberchops/re-gogreenbuddy-sdr1wb

https://www.publish0x.com/the-dark-side-of-hive

https://www.reddit.com/r/stoptheabuseonhive/

https://peakd.com/hive-164833/@bilpcoinbpc/you-have-all-witnessed-this-account-being-downvoted-to-a-negative-reputation-for-no-reason

SHAME ON YOU ALL SAD PEOPLE WHO SCAM LIE AND FARM HIVE AND HIVERS

[-]acidyo (82) 3 months ago
Haha at "I shouldn't make commercial" :D Maybe something to worry about when you have more youtube subscribers! Quite interesting content though, these things should get more subs on there and here.

$4.28
1 vote
Reply
[-]gogreenbuddy (67) 3 months ago
Yeah thought that was funny too

$4.54
4 votes
gogreenbuddy: $4.47
acidyo: $0.06
holbein81: $0.01
koleso: -$0.00

https://hive.blog/life/@gogreenbuddy/i-had-to-give-up-on-my-gabion-fencing-too-much-work

@themarkymark @buildawhale @upmyvote @ipromote @gogreenbuddy @usainvote @punkteam @makerhacks @apeminingclub @leovoter @blockheadgamds @rollingbones farm @cwow2 @solominer @steevc @adm @abit @theycallmedan @dalz @abh12345

HE MAKES CURATION REWARDS WITH ALL HIS ALT ACCOUNTS BURNING TOKENS LIKE THIS DOES NOT TAKE OLD TOKENS IT MINTS NEW ONES AND BURNS THEM

https://hive.blog/hive-167922/@bilpcoinbpc/the-power

https://www.bilpcoin.com/hive-167922/@bilpcoinbpc/the-power

https://www.bilpcoin.com/hive-167922/@bpcvoter1/response-4-to-themarkymark-marcus-buildawhale-usainvote-ipomote-leovoter-gogreenbuddy-and-over-100-of-his-alt-accounts

Reply 2 to @eddiespino

Reply to @eddiespino

cwow stop the drink and drugs

Stop supporting the fake Hive police who do nothing but exploit Hive

Many people on Hive will never get to spend any of their Hive as it may become illegal in certain countries


https://peakd.com/hive-158694/@bilpcoinbpc/marks-dream

Zac the man with the scam plan

lol the Marky mark keeps dreaming

Looking at Hive from the outside, it looks like trash let just be honest there are issues. Not many people would be interested in coming to Hive to read blogs let's be honest

GET HELP STOP CRYING

WE CAN NOT HELP YOU

ARE YOU OK

Hello Marky, are you ok do you need help, are you facing mental health challenges?

It's crucial to seek help. Continual dishonesty can erode trust and your mental health. Downvotes do not have an impact on us, but our consistent sharing of accurate information is key to us.

Marky stop getting butt fucked LOL.

themarkymark (80)in #computers • 11 hours ago
I'm doing great dude, I'm not here crying with 100 spam posts a day that my butt hurts. Touch some grass, go see a shrink. Get your life in order.

11 hours ago in #computers by themarkymark (80)$0.00

https://hive.blog/computers/@themarkymark/re-bpcvoter1-sfi1bm

Bilpcoin Gems High-risk Low-risk Super Trump (ticker: Strump) Corgi with knife (ticker: Corgi) Engines of Fury (Ticker: Fury)

Let's talk

Rider jim

Make today great

Decentralized or centralized

Bilpcoin Vibes

Tomorrow may never come, so seize the day seize the moment

Love life, be happy

[-]themarkymark (80) yesterday (edited)
Farming? Show me where I am farming, I post like one post a month at this point, and all buildawhale is burned. As you say transactions don’t lie. And don't say curation rewards, I'd get those no matter what I vote on and if you expect I will be the only person on this blockchain to forfeit curation rewards, you are dumber than we know you are.

https://hive.blog/hive-167922/@bpcvoter1/seq7ok

https://www.bilpcoin.com/undefined/@bpcvoter1/response-3-to-themarkymark-marcus-buildawhale-usainvote-ipomote-leovoter-gogreenbuddy-and-over-100-of-his-alt-accounts

https://hive.blog/hive-193084/@bpcvoter1/response-2-to-themarkymark-marcus-buildawhale-usainvote-ipomote-leovoter-gogreenbuddy-and-over-100-of-his-alt-accounts

!LOL !WEED !GIF !MEME

https://hive.blog/hive-167922/@themarkymark/re-bpcvoter1-sepr9c

You don't seem it. I've seen this before, it isn't good.

21 hours ago in LeoFinance by themarkymark (80)

[-]bpcvoter1 (-2)(1) yesterday · Will be hidden due to low rating
NO DOWNVOTES FOR MARKY
$0.00Reply Edit
[-]themarkymark (80) 16 hours ago
Please talk to your doctor about adjusting your meds. I’m worried about you.

$0.00Reply
[-]bpcvoter1 (-2)(1) 27 minutes ago · Will be hidden due to low rating
We are fine
$0.00Reply Edit Delete

https://hive.blog/hive-167922/@bpcvoter1/senppv

https://hive.blog/life/@anomadsoul/re-gogreenbuddy-seqf1p

60 votes
slobberchops [-]
gogreenbuddy [-]
cmplxty [-]
shanibeer [-]
antisocialist [-]
azabu [-]
acram64 [-]
mypathtofire [-]
willowranger [-]
bscrypto [-]
dhedge [-]
aaronkroeblinger [-]
lichtkunstfoto [-]
memehub [-]
chekohler [-]
modernzorker [-]
carn [-]
earthsea [-]
pinkhub [-]
kaylinart [-]
and 40 more

https://hive.blog/hive-104387/@bpcvoter3/se19g2

Downvoted BY HIVE FARMERS

slobberchops (81)in #life • 6 days ago
The_commentphant.jpg

6 days ago in #life by slobberchops (81)$0.00
Reply 3
Sort: Trending
[-]bpcvoter2 (-5)(1) 4 days ago · Will be hidden due to low rating
NO DOWNVOTES FOR MARKY MARK'S SELF VOTING !WEED

https://hive.blog/life/@slobberchops/re-gogreenbuddy-sdr1wb

Just going to leave my response to the one out of thousand previous comments you left today.

People only tolerate you for the votes
Interesting, considering I don't vote anyone.

You vote on you're own spam comments every day @buildawhale to earn curation rewards. There are many authors on Hive whom you could support, but you choose not to you keep it to yourself don't you Marcus? You are no good Marcus.

I used to vote over 200 unique authors a day, many of which my vote was their only significant vote, and for over a year every post and every vote I would make would get downvoted for $50 because someone was sad I stopped the abuse they were voting on. I lost my ability to choose what I vote on years ago. It has finally stopped, so I started the burn posts to reduce the inflation due to the wreckless DHF spending. Of course I earn curation rewards, like every single person on Hive. I will not be the only person on Hive to forfeit curation rewards, and to expect that is ridiculous. You are one to talk about spam comments, you are spamming hundreds if not thousands of comments a day.

2 days ago in LeoFinance by themarkymark (80)$0.00

https://hive.blog/hive-167922/@themarkymark/re-bpcvoter1-setz65

Response 4 to themarkymark marcus, buildawhale usainvote ipomote leovoter gogreenbuddy, and over 100 of his alt accounts

Reply 2 to @eddiespino

Reply to @eddiespino

cwow stop the drink and drugs

Can't you see the problems on Hive?

Hive dropping to $0.000

Posted using Bilpcoin

LOL

It seems like THEMARKYMARK is dealing with some personal drama and mental issues, which might be causing them to spam us and others with baby pics, GIFs, and questionable content he's been doing the same for years. The fun doesn't stop there, as this seems to be a recurring theme with multiple online personas. The real question is, do we want to trust these drama-magnets with our hard-earned funds or any significant influence on Hive?

On Hive a significant issue exists with automatic upvotes consistently rewarding the same individuals day in and day out

We want to address the issue of downvoting. It has caused pain to many people, and we want to make sure it doesn't happen again reply to @jacobtothe

On Hive a significant issue exists with automatic upvotes consistently rewarding the same individuals day in and day out

We hope that those who genuinely care about Hive will reconsider their actions, as continuing down this path could inadvertently harm innocent users who are unaware of these issues

lol the Marky mark keeps dreaming

Marks dream

https://www.publish0x.com/the-dark-side-of-hive/the-marky-mark-marcus-its-clear-youre-deeply-engaged-in-farm-xmjodol

WE PRAY FOR YOU

Posted using Bilpcoin

https://www.bilpcoin.com/undefined/@bpcvoter1/lol-the-marky-mark-keeps-dreaming

lol the Marky mark keeps dreaming

themarkymark (80)in FreeCompliments • 2 days ago
No.

I downvote spammers, you are a spammer, you get no monies. It’s very simple.

In the meantime go get some help. You obviously have some issues going on.

2 days ago in FreeCompliments by themarkymark (80)$0.00
Reply 4
Sort: Trending
[-]bpcvoter1 (-4)(1) yesterday · Will be hidden due to low rating
GET HELP
$0.00Reply Edit
[-]themarkymark (80) 4 hours ago
I have a personal chef, maid, and a captain for my yacht. What other help do I need?

$0.00Reply

https://hive.blog/hive-140084/@themarkymark/re-bpcvoter1-sg5l3x

@gogreenbuddy THIS MAN IS A TOP HIVE FARMER AND SCAMMER SOME OF HIS OTHER ACCOUNTS @THEMARKYMARK @BUILDAWHALE @USAINVOTE @UPMYVOTE @LEOVOTER @IPROMOTE @PUNKTEAM @STEMGEEKS AND 100s more

https://www.publish0x.com/the-dark-side-of-hive

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That's just stupid. $20,000 never would have been a problem for me. Even $2500 or $5000, I just don't move that much money through Venmo in a year, but $600 is going to be a pain. Just one more thing for them to track poorly!

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Don't use those services or join the revolution and tell them to go fuck themselves. It's pretty simple. I mean if the IRS and other government employees don't file their taxes, and get to keep their government jobs on top of it, as is being exposed recently, then why the hell should I have to report and pay? Nope, I am done.

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It's too handy for me to just give it up. It's been game changing for how my inlaws and I interact with each other when it comes to who owes who what.

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Glad I don't have that inlaw problem anymore, lol...

Actually I say that after I just took my kids to see my ex-mother-in-law, lol, and honestly, she and I never had any issues, lol. She knows her daughter was the problem, lol.

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Haha, that is probably the best you could hope for I guess.

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I did not know this...this is good to know...thank you @themarkymark.

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It's this kind of shit was why I tried to start @hivelist so that the people here could have a place to do business without having to go through these third parties and be able to use crypto as it was intended. But that failed because all people wanted to do was earn a token and dump it on the market.

Unless people realize that crypto isn't just another financial instrument to make money, and realize, IT IS MONEY, and start using it that way, we will never get out of the grasp of these evil and corrupt fuckers trying to destroy and steal everything we have.

I for one refuse to comply, they can go fuck themselves. Hell, majority of government employees don't even file their own taxes, so why the fuck should we????

TAXATION IS THEFT!!! This is my REVOLUTION! Fuck the system! USE CRYPTO AS IT WAS INTENDED, NOT DOLLAR "NuMb3R gO uP".

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STOP THE ABUSE ON HIVE

FAKE HIVE POLICE

HIVE IS DEAD

HIVE IS ONE BIG FARM

!LOL !WEED !MEME !GIF

60 votes
slobberchops [-]
gogreenbuddy [-]
cmplxty [-]
shanibeer [-]
antisocialist [-]
azabu [-]
acram64 [-]
mypathtofire [-]
willowranger [-]
bscrypto [-]
dhedge [-]
aaronkroeblinger [-]
lichtkunstfoto [-]
memehub [-]
chekohler [-]
modernzorker [-]
carn [-]
earthsea [-]
pinkhub [-]
kaylinart [-]
and 40 more

https://hive.blog/hive-104387/@bpcvoter3/se19g2

Downvoted BY HIVE FARMERS

slobberchops (81)in #life • 6 days ago
The_commentphant.jpg

6 days ago in #life by slobberchops (81)$0.00
Reply 3
Sort: Trending
[-]bpcvoter2 (-5)(1) 4 days ago · Will be hidden due to low rating
NO DOWNVOTES FOR MARKY MARK'S SELF VOTING !WEED

https://hive.blog/life/@slobberchops/re-gogreenbuddy-sdr1wb

https://www.publish0x.com/the-dark-side-of-hive

https://www.reddit.com/r/stoptheabuseonhive/

https://peakd.com/hive-164833/@bilpcoinbpc/you-have-all-witnessed-this-account-being-downvoted-to-a-negative-reputation-for-no-reason

SHAME ON YOU ALL SAD PEOPLE WHO SCAM LIE AND FARM HIVE AND HIVERS

[-]acidyo (82) 3 months ago
Haha at "I shouldn't make commercial" :D Maybe something to worry about when you have more youtube subscribers! Quite interesting content though, these things should get more subs on there and here.

$4.28
1 vote
Reply
[-]gogreenbuddy (67) 3 months ago
Yeah thought that was funny too

$4.54
4 votes
gogreenbuddy: $4.47
acidyo: $0.06
holbein81: $0.01
koleso: -$0.00

https://hive.blog/life/@gogreenbuddy/i-had-to-give-up-on-my-gabion-fencing-too-much-work

@themarkymark @buildawhale @upmyvote @ipromote @gogreenbuddy @usainvote @punkteam @makerhacks @apeminingclub @leovoter @blockheadgamds @rollingbones farm @cwow2 @solominer @steevc @adm @abit @theycallmedan @dalz @abh12345

HE MAKES CURATION REWARDS WITH ALL HIS ALT ACCOUNTS BURNING TOKENS LIKE THIS DOES NOT TAKE OLD TOKENS IT MINTS NEW ONES AND BURNS THEM

https://hive.blog/hive-167922/@bilpcoinbpc/the-power

https://www.bilpcoin.com/hive-167922/@bilpcoinbpc/the-power

https://www.bilpcoin.com/hive-167922/@bpcvoter1/response-4-to-themarkymark-marcus-buildawhale-usainvote-ipomote-leovoter-gogreenbuddy-and-over-100-of-his-alt-accounts

Reply 2 to @eddiespino

Reply to @eddiespino

cwow stop the drink and drugs

Stop supporting the fake Hive police who do nothing but exploit Hive

Many people on Hive will never get to spend any of their Hive as it may become illegal in certain countries


https://peakd.com/hive-158694/@bilpcoinbpc/marks-dream

Zac the man with the scam plan

lol the Marky mark keeps dreaming

Looking at Hive from the outside, it looks like trash let just be honest there are issues. Not many people would be interested in coming to Hive to read blogs let's be honest

GET HELP STOP CRYING

WE CAN NOT HELP YOU

ARE YOU OK

Hello Marky, are you ok do you need help, are you facing mental health challenges?

It's crucial to seek help. Continual dishonesty can erode trust and your mental health. Downvotes do not have an impact on us, but our consistent sharing of accurate information is key to us.

Marky stop getting butt fucked LOL.

themarkymark (80)in #computers • 11 hours ago
I'm doing great dude, I'm not here crying with 100 spam posts a day that my butt hurts. Touch some grass, go see a shrink. Get your life in order.

11 hours ago in #computers by themarkymark (80)$0.00

https://hive.blog/computers/@themarkymark/re-bpcvoter1-sfi1bm

Bilpcoin Gems High-risk Low-risk Super Trump (ticker: Strump) Corgi with knife (ticker: Corgi) Engines of Fury (Ticker: Fury)

Let's talk

Rider jim

Make today great

Decentralized or centralized

Bilpcoin Vibes

Tomorrow may never come, so seize the day seize the moment

Love life, be happy

[-]themarkymark (80) yesterday (edited)
Farming? Show me where I am farming, I post like one post a month at this point, and all buildawhale is burned. As you say transactions don’t lie. And don't say curation rewards, I'd get those no matter what I vote on and if you expect I will be the only person on this blockchain to forfeit curation rewards, you are dumber than we know you are.

https://hive.blog/hive-167922/@bpcvoter1/seq7ok

https://www.bilpcoin.com/undefined/@bpcvoter1/response-3-to-themarkymark-marcus-buildawhale-usainvote-ipomote-leovoter-gogreenbuddy-and-over-100-of-his-alt-accounts

https://hive.blog/hive-193084/@bpcvoter1/response-2-to-themarkymark-marcus-buildawhale-usainvote-ipomote-leovoter-gogreenbuddy-and-over-100-of-his-alt-accounts

!LOL !WEED !GIF !MEME

https://hive.blog/hive-167922/@themarkymark/re-bpcvoter1-sepr9c

You don't seem it. I've seen this before, it isn't good.

21 hours ago in LeoFinance by themarkymark (80)

[-]bpcvoter1 (-2)(1) yesterday · Will be hidden due to low rating
NO DOWNVOTES FOR MARKY
$0.00Reply Edit
[-]themarkymark (80) 16 hours ago
Please talk to your doctor about adjusting your meds. I’m worried about you.

$0.00Reply
[-]bpcvoter1 (-2)(1) 27 minutes ago · Will be hidden due to low rating
We are fine
$0.00Reply Edit Delete

https://hive.blog/hive-167922/@bpcvoter1/senppv

https://hive.blog/life/@anomadsoul/re-gogreenbuddy-seqf1p

60 votes
slobberchops [-]
gogreenbuddy [-]
cmplxty [-]
shanibeer [-]
antisocialist [-]
azabu [-]
acram64 [-]
mypathtofire [-]
willowranger [-]
bscrypto [-]
dhedge [-]
aaronkroeblinger [-]
lichtkunstfoto [-]
memehub [-]
chekohler [-]
modernzorker [-]
carn [-]
earthsea [-]
pinkhub [-]
kaylinart [-]
and 40 more

https://hive.blog/hive-104387/@bpcvoter3/se19g2

Downvoted BY HIVE FARMERS

slobberchops (81)in #life • 6 days ago
The_commentphant.jpg

6 days ago in #life by slobberchops (81)$0.00
Reply 3
Sort: Trending
[-]bpcvoter2 (-5)(1) 4 days ago · Will be hidden due to low rating
NO DOWNVOTES FOR MARKY MARK'S SELF VOTING !WEED

https://hive.blog/life/@slobberchops/re-gogreenbuddy-sdr1wb

Just going to leave my response to the one out of thousand previous comments you left today.

People only tolerate you for the votes
Interesting, considering I don't vote anyone.

You vote on you're own spam comments every day @buildawhale to earn curation rewards. There are many authors on Hive whom you could support, but you choose not to you keep it to yourself don't you Marcus? You are no good Marcus.

I used to vote over 200 unique authors a day, many of which my vote was their only significant vote, and for over a year every post and every vote I would make would get downvoted for $50 because someone was sad I stopped the abuse they were voting on. I lost my ability to choose what I vote on years ago. It has finally stopped, so I started the burn posts to reduce the inflation due to the wreckless DHF spending. Of course I earn curation rewards, like every single person on Hive. I will not be the only person on Hive to forfeit curation rewards, and to expect that is ridiculous. You are one to talk about spam comments, you are spamming hundreds if not thousands of comments a day.

2 days ago in LeoFinance by themarkymark (80)$0.00

https://hive.blog/hive-167922/@themarkymark/re-bpcvoter1-setz65

Response 4 to themarkymark marcus, buildawhale usainvote ipomote leovoter gogreenbuddy, and over 100 of his alt accounts

Reply 2 to @eddiespino

Reply to @eddiespino

cwow stop the drink and drugs

Can't you see the problems on Hive?

Hive dropping to $0.000

Posted using Bilpcoin

LOL

It seems like THEMARKYMARK is dealing with some personal drama and mental issues, which might be causing them to spam us and others with baby pics, GIFs, and questionable content he's been doing the same for years. The fun doesn't stop there, as this seems to be a recurring theme with multiple online personas. The real question is, do we want to trust these drama-magnets with our hard-earned funds or any significant influence on Hive?

On Hive a significant issue exists with automatic upvotes consistently rewarding the same individuals day in and day out

We want to address the issue of downvoting. It has caused pain to many people, and we want to make sure it doesn't happen again reply to @jacobtothe

On Hive a significant issue exists with automatic upvotes consistently rewarding the same individuals day in and day out

We hope that those who genuinely care about Hive will reconsider their actions, as continuing down this path could inadvertently harm innocent users who are unaware of these issues

lol the Marky mark keeps dreaming

Marks dream

https://www.publish0x.com/the-dark-side-of-hive/the-marky-mark-marcus-its-clear-youre-deeply-engaged-in-farm-xmjodol

WE PRAY FOR YOU

Posted using Bilpcoin

https://www.bilpcoin.com/undefined/@bpcvoter1/lol-the-marky-mark-keeps-dreaming

lol the Marky mark keeps dreaming

themarkymark (80)in FreeCompliments • 2 days ago
No.

I downvote spammers, you are a spammer, you get no monies. It’s very simple.

In the meantime go get some help. You obviously have some issues going on.

2 days ago in FreeCompliments by themarkymark (80)$0.00
Reply 4
Sort: Trending
[-]bpcvoter1 (-4)(1) yesterday · Will be hidden due to low rating
GET HELP
$0.00Reply Edit
[-]themarkymark (80) 4 hours ago
I have a personal chef, maid, and a captain for my yacht. What other help do I need?

$0.00Reply

https://hive.blog/hive-140084/@themarkymark/re-bpcvoter1-sg5l3x

@gogreenbuddy THIS MAN IS A TOP HIVE FARMER AND SCAMMER SOME OF HIS OTHER ACCOUNTS @THEMARKYMARK @BUILDAWHALE @USAINVOTE @UPMYVOTE @LEOVOTER @IPROMOTE @PUNKTEAM @STEMGEEKS AND 100s more

https://www.publish0x.com/the-dark-side-of-hive

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(Edited)

Swell.. another thing to keep track of, translate from Japanese, report with my already too complex taxes. I think I have a new reason for being rich—so I can hire someone to do my taxes for me.

Anyway, thanks for the heads up, Marky.

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This new reporting requirement definitely has the potential to affect a lot of casual sellers who may not have realized the IRS would be tracking such small transactions. It's important to remember that just because you receive a 1099-K, it doesn’t automatically mean you owe taxes on the money—it's about whether you made a profit. So if you're just selling used items at a loss or splitting costs with friends, you’ll still need to be able to prove that if the IRS comes knocking.

The real challenge for most will likely be the paperwork. Keeping track of receipts, documenting transactions, and staying organized will become even more important. It's a bit of a burden for everyday people who are just trying to clear out old stuff or share expenses with friends, but it seems like the goal here is to clamp down on people who are treating these platforms as businesses without reporting their income properly.

One thing that stood out to me is that this law primarily targets the people who are already selling regularly on eBay, Venmo, or similar platforms for profit. So, for the casual seller, it might just be a matter of keeping a few extra receipts and staying on top of reporting. Hopefully, the IRS will make the process smoother and less stressful for people who aren't making real profit from these transactions.

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I generally hate tax season because I don't organize all those receipts during the year for deductions on my income property. I have to sit there sorting out all of them, what I can claim 100% on, 50% on, and if I paid anyone over six hundred bucks a year provide the information of who I paid it to. I just have a tray I stack them all on and sort them out at the beginning of tax season. About the most I manage during the year is a general rule of thumb, no receipts go in the trash until I make sure there's nothing I need to report at the beginning of tax season. The time consuming part is writing them all done in a ledger as receipts have a tendency to fade over time, so I number the receipts to the same number on the ledger and write down everything that was on the receipt. When I had my own business too, it was pretty much the same thing, only a lot more time consuming. Plus I had an apartment above my business that I had to keep track of, so finding a way to get it all organized, set yourself into a pattern, helps a lot.

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Failing to fill out the paperwork demanded by these thieves is considered "doing something wrong," though. To hell with them all.

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When are you going to stop downvoting my original content 🤔

Do you not make enough money with buildawhale 🤔

Can I ask again why Are you downvoting my original content 🤔

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image.png

don't be dumb

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Wtf you talking about 🤔

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I really thought you was a good person who was doing good stuff for Hive I was completely wrong 😞

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Nah you were right.

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STOP THE ABUSE ON HIVE

FAKE HIVE POLICE

HIVE IS DEAD

HIVE IS ONE BIG FARM

!LOL !WEED !MEME !GIF

60 votes
slobberchops [-]
gogreenbuddy [-]
cmplxty [-]
shanibeer [-]
antisocialist [-]
azabu [-]
acram64 [-]
mypathtofire [-]
willowranger [-]
bscrypto [-]
dhedge [-]
aaronkroeblinger [-]
lichtkunstfoto [-]
memehub [-]
chekohler [-]
modernzorker [-]
carn [-]
earthsea [-]
pinkhub [-]
kaylinart [-]
and 40 more

https://hive.blog/hive-104387/@bpcvoter3/se19g2

Downvoted BY HIVE FARMERS

slobberchops (81)in #life • 6 days ago
The_commentphant.jpg

6 days ago in #life by slobberchops (81)$0.00
Reply 3
Sort: Trending
[-]bpcvoter2 (-5)(1) 4 days ago · Will be hidden due to low rating
NO DOWNVOTES FOR MARKY MARK'S SELF VOTING !WEED

https://hive.blog/life/@slobberchops/re-gogreenbuddy-sdr1wb

https://www.publish0x.com/the-dark-side-of-hive

https://www.reddit.com/r/stoptheabuseonhive/

https://peakd.com/hive-164833/@bilpcoinbpc/you-have-all-witnessed-this-account-being-downvoted-to-a-negative-reputation-for-no-reason

SHAME ON YOU ALL SAD PEOPLE WHO SCAM LIE AND FARM HIVE AND HIVERS

[-]acidyo (82) 3 months ago
Haha at "I shouldn't make commercial" :D Maybe something to worry about when you have more youtube subscribers! Quite interesting content though, these things should get more subs on there and here.

$4.28
1 vote
Reply
[-]gogreenbuddy (67) 3 months ago
Yeah thought that was funny too

$4.54
4 votes
gogreenbuddy: $4.47
acidyo: $0.06
holbein81: $0.01
koleso: -$0.00

https://hive.blog/life/@gogreenbuddy/i-had-to-give-up-on-my-gabion-fencing-too-much-work

@themarkymark @buildawhale @upmyvote @ipromote @gogreenbuddy @usainvote @punkteam @makerhacks @apeminingclub @leovoter @blockheadgamds @rollingbones farm @cwow2 @solominer @steevc @adm @abit @theycallmedan @dalz @abh12345

HE MAKES CURATION REWARDS WITH ALL HIS ALT ACCOUNTS BURNING TOKENS LIKE THIS DOES NOT TAKE OLD TOKENS IT MINTS NEW ONES AND BURNS THEM

https://hive.blog/hive-167922/@bilpcoinbpc/the-power

https://www.bilpcoin.com/hive-167922/@bilpcoinbpc/the-power

https://www.bilpcoin.com/hive-167922/@bpcvoter1/response-4-to-themarkymark-marcus-buildawhale-usainvote-ipomote-leovoter-gogreenbuddy-and-over-100-of-his-alt-accounts

Reply 2 to @eddiespino

Reply to @eddiespino

cwow stop the drink and drugs

Stop supporting the fake Hive police who do nothing but exploit Hive

Many people on Hive will never get to spend any of their Hive as it may become illegal in certain countries


https://peakd.com/hive-158694/@bilpcoinbpc/marks-dream

Zac the man with the scam plan

lol the Marky mark keeps dreaming

Looking at Hive from the outside, it looks like trash let just be honest there are issues. Not many people would be interested in coming to Hive to read blogs let's be honest

GET HELP STOP CRYING

WE CAN NOT HELP YOU

ARE YOU OK

Hello Marky, are you ok do you need help, are you facing mental health challenges?

It's crucial to seek help. Continual dishonesty can erode trust and your mental health. Downvotes do not have an impact on us, but our consistent sharing of accurate information is key to us.

Marky stop getting butt fucked LOL.

themarkymark (80)in #computers • 11 hours ago
I'm doing great dude, I'm not here crying with 100 spam posts a day that my butt hurts. Touch some grass, go see a shrink. Get your life in order.

11 hours ago in #computers by themarkymark (80)$0.00

https://hive.blog/computers/@themarkymark/re-bpcvoter1-sfi1bm

Bilpcoin Gems High-risk Low-risk Super Trump (ticker: Strump) Corgi with knife (ticker: Corgi) Engines of Fury (Ticker: Fury)

Let's talk

Rider jim

Make today great

Decentralized or centralized

Bilpcoin Vibes

Tomorrow may never come, so seize the day seize the moment

Love life, be happy

[-]themarkymark (80) yesterday (edited)
Farming? Show me where I am farming, I post like one post a month at this point, and all buildawhale is burned. As you say transactions don’t lie. And don't say curation rewards, I'd get those no matter what I vote on and if you expect I will be the only person on this blockchain to forfeit curation rewards, you are dumber than we know you are.

https://hive.blog/hive-167922/@bpcvoter1/seq7ok

https://www.bilpcoin.com/undefined/@bpcvoter1/response-3-to-themarkymark-marcus-buildawhale-usainvote-ipomote-leovoter-gogreenbuddy-and-over-100-of-his-alt-accounts

https://hive.blog/hive-193084/@bpcvoter1/response-2-to-themarkymark-marcus-buildawhale-usainvote-ipomote-leovoter-gogreenbuddy-and-over-100-of-his-alt-accounts

!LOL !WEED !GIF !MEME

https://hive.blog/hive-167922/@themarkymark/re-bpcvoter1-sepr9c

You don't seem it. I've seen this before, it isn't good.

21 hours ago in LeoFinance by themarkymark (80)

[-]bpcvoter1 (-2)(1) yesterday · Will be hidden due to low rating
NO DOWNVOTES FOR MARKY
$0.00Reply Edit
[-]themarkymark (80) 16 hours ago
Please talk to your doctor about adjusting your meds. I’m worried about you.

$0.00Reply
[-]bpcvoter1 (-2)(1) 27 minutes ago · Will be hidden due to low rating
We are fine
$0.00Reply Edit Delete

https://hive.blog/hive-167922/@bpcvoter1/senppv

https://hive.blog/life/@anomadsoul/re-gogreenbuddy-seqf1p

60 votes
slobberchops [-]
gogreenbuddy [-]
cmplxty [-]
shanibeer [-]
antisocialist [-]
azabu [-]
acram64 [-]
mypathtofire [-]
willowranger [-]
bscrypto [-]
dhedge [-]
aaronkroeblinger [-]
lichtkunstfoto [-]
memehub [-]
chekohler [-]
modernzorker [-]
carn [-]
earthsea [-]
pinkhub [-]
kaylinart [-]
and 40 more

https://hive.blog/hive-104387/@bpcvoter3/se19g2

Downvoted BY HIVE FARMERS

slobberchops (81)in #life • 6 days ago
The_commentphant.jpg

6 days ago in #life by slobberchops (81)$0.00
Reply 3
Sort: Trending
[-]bpcvoter2 (-5)(1) 4 days ago · Will be hidden due to low rating
NO DOWNVOTES FOR MARKY MARK'S SELF VOTING !WEED

https://hive.blog/life/@slobberchops/re-gogreenbuddy-sdr1wb

Just going to leave my response to the one out of thousand previous comments you left today.

People only tolerate you for the votes
Interesting, considering I don't vote anyone.

You vote on you're own spam comments every day @buildawhale to earn curation rewards. There are many authors on Hive whom you could support, but you choose not to you keep it to yourself don't you Marcus? You are no good Marcus.

I used to vote over 200 unique authors a day, many of which my vote was their only significant vote, and for over a year every post and every vote I would make would get downvoted for $50 because someone was sad I stopped the abuse they were voting on. I lost my ability to choose what I vote on years ago. It has finally stopped, so I started the burn posts to reduce the inflation due to the wreckless DHF spending. Of course I earn curation rewards, like every single person on Hive. I will not be the only person on Hive to forfeit curation rewards, and to expect that is ridiculous. You are one to talk about spam comments, you are spamming hundreds if not thousands of comments a day.

2 days ago in LeoFinance by themarkymark (80)$0.00

https://hive.blog/hive-167922/@themarkymark/re-bpcvoter1-setz65

Response 4 to themarkymark marcus, buildawhale usainvote ipomote leovoter gogreenbuddy, and over 100 of his alt accounts

Reply 2 to @eddiespino

Reply to @eddiespino

cwow stop the drink and drugs

Can't you see the problems on Hive?

Hive dropping to $0.000

Posted using Bilpcoin

LOL

It seems like THEMARKYMARK is dealing with some personal drama and mental issues, which might be causing them to spam us and others with baby pics, GIFs, and questionable content he's been doing the same for years. The fun doesn't stop there, as this seems to be a recurring theme with multiple online personas. The real question is, do we want to trust these drama-magnets with our hard-earned funds or any significant influence on Hive?

On Hive a significant issue exists with automatic upvotes consistently rewarding the same individuals day in and day out

We want to address the issue of downvoting. It has caused pain to many people, and we want to make sure it doesn't happen again reply to @jacobtothe

On Hive a significant issue exists with automatic upvotes consistently rewarding the same individuals day in and day out

We hope that those who genuinely care about Hive will reconsider their actions, as continuing down this path could inadvertently harm innocent users who are unaware of these issues

lol the Marky mark keeps dreaming

Marks dream

https://www.publish0x.com/the-dark-side-of-hive/the-marky-mark-marcus-its-clear-youre-deeply-engaged-in-farm-xmjodol

WE PRAY FOR YOU

Posted using Bilpcoin

https://www.bilpcoin.com/undefined/@bpcvoter1/lol-the-marky-mark-keeps-dreaming

lol the Marky mark keeps dreaming

themarkymark (80)in FreeCompliments • 2 days ago
No.

I downvote spammers, you are a spammer, you get no monies. It’s very simple.

In the meantime go get some help. You obviously have some issues going on.

2 days ago in FreeCompliments by themarkymark (80)$0.00
Reply 4
Sort: Trending
[-]bpcvoter1 (-4)(1) yesterday · Will be hidden due to low rating
GET HELP
$0.00Reply Edit
[-]themarkymark (80) 4 hours ago
I have a personal chef, maid, and a captain for my yacht. What other help do I need?

$0.00Reply

https://hive.blog/hive-140084/@themarkymark/re-bpcvoter1-sg5l3x

@gogreenbuddy THIS MAN IS A TOP HIVE FARMER AND SCAMMER SOME OF HIS OTHER ACCOUNTS @THEMARKYMARK @BUILDAWHALE @USAINVOTE @UPMYVOTE @LEOVOTER @IPROMOTE @PUNKTEAM @STEMGEEKS AND 100s more

https://www.publish0x.com/the-dark-side-of-hive

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Hello @themarkymark
I received a downvote form your account, please let me know what wrong I have done which make you to the downvote my post.

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!LOL !DOOK !PGM !BBH !LUV !BEER !PIZZA !WRD

STOP THE ABUSE ON HIVE

STOP THE BUILDAWHALESCAM FARM

STOP THE BAD DOWNVOTES ON HIVE

STOP THE #Buildawhalescam #buildawhalefarm

https://hive.blog/hive-167922/@bpcvoter1/https-peakd-com-themarkymark-activities-curation-rewards


55sljljljlooWWWINMB

d

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