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What that really means is that he's got to keep records on everyone he buys ANYTHING from so that he will know if he bought more than $600 from any single person in the course of a year.
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Yep, this is ugly, but I don't think it'll survive.
We're not the only business that buys from individuals for resale. Expect jewelry stores, pawn shops, car dealers and music stores to raise Cain about it as well.
We've got 21 months before it goes into effect.