Double Platinum Supporting Member
- Aug 28, 2005
- Reaction score
- Painted Post NY
I know there are many here that feel it isn't fair for ebay / Reverb to issue a 1099, but they are just doing what the law requires. Now in the past, I have to be honest and confess I've never been one to keep receipts for drum gear just so I can offset any income from a sale, or have proof of a loss. It has never been a big part of my financial picture. However, given the changes regarding reporting of income (a 1099), going forward I will and I suggest everyone else do the same. It's not hard to keep a file with receipts. They don't take up much space and can be pretty handy come tax time. It's just the right way to do things and it really isn't all that complicated.