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I was daydreaming today about what I’d like to see in the store, as a regular run kinda thing, not a grab bag… How about an elven colored Qi-Lin? Or Blue Morpho? That would be cool indeed! Thanks, Linda
Linda Watson Gresham
Yahoo! Glad you’re better!!! Don’t let the projects push you… after all, it is spring time and that also needs to be enjoyed. Not that I’m the least bit anxious and impatient for the ponycorn grab bags… nuh uh… not me! LOL!
Linda Watson Gresham
Melody – hope John gets better quickly! Sending good vibes to all of you. Linda Watson
Linda Watson Gresham
I’m dreaming of a new grab bag – of Male Dragons! They don’t have to be wild and wonderfully detailed with the lovely scroll work and leaves (that I dearly love on my Windstone things), but could be wonderful fantasy swirly colors or even AWD patterns. Dreaming… squeaking… Linda Watson
Linda Watson Gresham
IRS has ‘suspended’ the new 1099 law/$600 limit for 2022. My personal opinion is that they are too busy trying to find their new 8000 employees and get them trained to audit us all to take on this chore this tax season.
Reading everyone’s responses, I have a few other comments – which I will offset by – talk with your tax professional. If you do a ‘trade’ deal, IRS still looks at it as a fair market value kinda transaction and you will still need to pay taxes on it. If you are doing this as a hobby, you cannot take out any expenses (you will pay on the $$$ or trade value received). You can do the expenses thing if you report as an actual business. And, this goes beyond Paypal, Venmo, etc… your banks/credit unions will also be reporting money deposited…
It’s not a pretty picture out there.Linda Watson Gresham
