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Tax ? #8071501 02/07/24 10:48 PM 02/07/24 10:48 PM
Joined: Oct 2022 Iowa L Ltrman OP trapper
Ltrman OP trapper L Joined: Oct 2022 Iowa	This may have been discussed previously but if it was I didn't see it so I'm curious...if you sell more than $600 in fur to say GFW or any other fur buyer...are they required to report that to the IRS and send you a 1099 NEC and essentially treat you as self employed? If they pay you by check....there would be a record of the payment. I'm getting my tax info ready and I was curious how that is handled. I know the Biden regime changed some 1099 rules ...is this one of them?

Re: Tax ? [Re: Ltrman] #8071560 02/08/24 01:02 AM 02/08/24 01:02 AM
Joined: Dec 2006 East-Central Wisconsin B bblwi trapper
bblwi trapper B Joined: Dec 2006 East-Central Wisconsin	No. Bryce

Re: Tax ? [Re: Ltrman] #8071622 02/08/24 06:59 AM 02/08/24 06:59 AM
Joined: Apr 2009 South Ga - Almost Florida Swamp Wolf trapper
Swamp Wolf trapper Joined: Apr 2009 South Ga - Almost Florida	That is reportable income. Thank God For Your Blessings! Never Half-Arse Anything! Resource Protection Service

Re: Tax ? [Re: Ltrman] #8071648 02/08/24 07:58 AM 02/08/24 07:58 AM
Joined: Jun 2018 Beatrice, NE L loosegoose trapper
loosegoose trapper L Joined: Jun 2018 Beatrice, NE	I won't tell anyone if you won't.

Re: Tax ? [Re: Ltrman] #8071664 02/08/24 08:26 AM 02/08/24 08:26 AM
Joined: Dec 2014 west virginia usa R randall brannon trapper
randall brannon trapper R Joined: Dec 2014 west virginia usa	I never make a profit so I don't God please keep they 19 fallen UBB miners out of trouble up there.

Re: Tax ? [Re: Ltrman] #8071700 02/08/24 09:20 AM 02/08/24 09:20 AM
Joined: Dec 2006 Very SE Nebraska G Gary Benson trapper
Gary Benson trapper G Joined: Dec 2006 Very SE Nebraska	If you find a dollar on the street they want you to report it but they spend a trillion+ more than they steal every year so it's not a big deal. Life ain't supposed to be easy.

Re: Tax ? [Re: Ltrman] #8071748 02/08/24 10:29 AM 02/08/24 10:29 AM
Joined: Dec 2022 illinois J jalstat trapper
jalstat trapper J Joined: Dec 2022 illinois	I got a tax form with 18 bucks from state fair winnings from Illinois I told my accountant they really don’t want to go there do they that and trapping related stuff he does his magic and makes it disappear. If they want to turn any of this into a business I’m game because it would be a great write off for me but I don’t like aggravation

Re: Tax ? [Re: Ltrman] #8071803 02/08/24 11:32 AM 02/08/24 11:32 AM
Joined: Dec 2006 East-Central Wisconsin B bblwi trapper
bblwi trapper B Joined: Dec 2006 East-Central Wisconsin	Yes it is reportable but GFW does not need to send him a 1099, that was the question the OP was asking. Bryce

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