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True…. Bring back signatures, we can put our shoe size and get an idea who wears our same size lolIt could still work to some degree using a system to track who is reputable.
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True…. Bring back signatures, we can put our shoe size and get an idea who wears our same size lolIt could still work to some degree using a system to track who is reputable.
Speaking of NT marketplace ,
I remember someone offering me two pairs of spacejams for a Dreamcast, had to be a scam I was considering it too. Never did do the trade.
I traded some pharell dunks for an iphone back in 2008.. dude gave me a fake tracking number and he got the dunks.. posted on NT and some NT goons offered their services to go check dude and get my dunks back. Goons ended up keeping the dunks
Once dweebs infiltrated the shoe game in abundance , the game lost it's luster .. buy what you like not what's popular and you'll be ok...
I traded some pharell dunks for an iphone back in 2008.. dude gave me a fake tracking number and he got the dunks.. posted on NT and some NT goons offered their services to go check dude and get my dunks back. Goons ended up keeping the dunks
Somewhat of a reprieveNike cries foul over virtual shoes, suing retailer that sells sneaker NFTs
Sneaker giant Nike sued online reseller StockX in New York federal court on Thursday for selling unauthorized images of Nike shoes, marking the latest lawsuit over digital assets known as non-fungible tokens.www.reuters.com
Somewhat of a reprieve
Thank God. Did some good business in the last year and was dreading the tax bill.It's a Christmas miracle!
IRS announces delay for implementation of $600 reporting threshold for third-party payment platforms’ Forms 1099-K | Internal Revenue Service
IR-2022-226, December 23, 2022 — The Internal Revenue Service today announced a delay in reporting thresholds for third-party settlement organizations set to take effect for the upcoming tax filing season.www.irs.gov
"The transition period described in Notice 2023-10PDF, delays the reporting of transactions in excess of $600 to transactions that occur after calendar year 2022."
YESSS
TDski thank you!!
They shouldn't, from the sounds of it. Now does anyone trust StockX, PayPal, etc to not issue them? Seems like a lot of unnecessary work and hassle to actually report. I would ride it out as long as possible and hopefully they are working with IRS on clarification.Hol' up...so we don't have to report our $600+ in transactions this year...even if Paypal, Ebay, etc sends us a 1099?
So any money made in 2022 <$20000 doesn’t have to be reported… or will it have to Eventually.
The words delay and reprieve makes it seem like we have to report eventually.
Ugh I barely sold this year because of it. I was hoping for a last minute amendment/change in policy. Hopefully congress does something in 2023The implementation of the $600 threshold is delayed until tax year 2023, meaning that any transactions AFTER Jan 1, 2023 will fall under the $600 threshold. All of your 2022 transactions will fall under the 200 transactions/20k guidelines that we’re used to.
Some more details here.
edit: technically you’re supposed to report all of your transactions, even if they’re under 20k. But we know how that goes. You could get away without reporting b/c no 1099 was triggered unless you met the 200/20k thresholds.