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Old September 27, 2010, 12:58 PM   #26
NJgunowner
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Looks like they are trying to grab private consultants who falsify expenses for the write offs to me.
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Old September 27, 2010, 02:05 PM   #27
mapsjanhere
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Your private sale of a gun to the dealer will NOT generate a 1099, unless you're selling it as "business owner KyJim". The reason why they did is that too many businesses get a bit sloppy with materials purchased and sold, those 10 guns you bought at the gun show and flipped now go on the books (actually, guns always go on the books, so the trail is always there in the first place, gun sales are probably the least affected by this rule, so use baseball cards, to stay with the example).
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Old September 27, 2010, 08:00 PM   #28
KyJim
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Your private sale of a gun to the dealer will NOT generate a 1099, unless you're selling it as "business owner KyJim".
If that's the case, it's not quite as bad but still a very major hassle for businesses.
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Old September 27, 2010, 08:08 PM   #29
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Which part? the 16,000 agents or that they will help us?? (sorry - couldn't resist)
I'll give ya 3 guesses and the first 2 don't count!
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