 New IRS Rule for 2012??
Wonder if any of you have heard this yet....my sister called Paypal about the IRS rules for this year and they told her that starting next year (2012) the new rule will be not over 200 transactions AND the dollar amount will go away. This means you can only sell up to 200 transactions and then anything after that will be reported? That will be a total game changer for a lot of us if that is true. Might have been a scare tactic by Paypal because I haven't heard anything about that. Thoughts?
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