--- Jay West <jwest_at_classiccmp.org> wrote:
> 1) If some seller sets up an auction as private (yet
> it still shows up on
> the listings) - the deal is that no one can see who
> bid on it, or who is
> currently the high bidder. In this set up, how can I
> be sure the seller
> isn't bidding on his own auction to drive up the
> price?
>
You can never be sure in a public auction either
(seller using a second user id)
> 2) Hypothetically, say I sell an item on Ebay for...
> oh... $2500.00. The guy
> could pay me via paypal, or he could send me a
> cashiers check. Does Paypal
> report transactions to the IRS? Or more importantly,
> if I sell items on ebay
> all year... do I have to track all that and report
> to IRS?
Yes, but you have to track all your expenses too, the
reason the IRS is not going after all the ebay sellers
is that if the sellers actually accounted for all
their expenses the IRS would have to start writing
checks, not receiving them.
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Received on Wed Nov 05 2003 - 16:49:47 GMT