1099-misc - Ask TaxGuru

LinkBack

Thread Tools

Search this Thread

Display Modes

#1 (permalink)

01-30-2012, 08:49 PM

jk2012

Junior Member

Join Date: Jan 2012

Posts: 1

1099-misc

I received a 1099 form from a shop that I sold 7000 worth of silver to. This was listed as other income. Do I have to pay tax on this amount. I had paid probably close to the same amount over the time I purched the silver.

« 1099misc-Divorced | help with 1099 miss »

Posting Rules
You may not post new threads You may not post replies You may not post attachments You may not edit your posts vB code is On Smilies are On [IMG] code is On HTML code is Off Trackbacks are Off Pingbacks are Off Refbacks are Off

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
1099-Misc	mroach	Income	1	01-20-2011 01:09 AM
1099 misc	akgirl	Miscellaneous	0	12-15-2010 01:43 PM
1099-misc	fuzzybritches15	S-Corporation	0	10-20-2010 06:55 PM
1099-misc	jmecooper	Income	1	02-12-2009 06:20 PM
1099 misc?	lehman09	Income	1	01-30-2009 12:16 PM

» Categories

Ask TaxGuru?

Individual

» Income

» Estimated Taxes

» Capital Gains

» Itemized Deductions

» IRA/Sep

» Rental Real-Estate

» Alternative Minimum Tax

» Filing Requirements

» Sole-Proprietorship

» Medical

» Auto Expenses

» Social Security

» Tax Credit

» Depreciation

» Divorce Tax Issues

» Homeowner Tax

» Multistate

Corporations

» C-Corporation

» S-Corporation

» Limited Liability Company

» Payroll

» Multistate Tax Issues

» Non-Profit Organisation

» Trusts and Gift Tax Returns

Forum for CPAs

» CPA Forums

Financial Planning

» Estate Planning

» Retirement Planning

» Investment Strategy

» Education Planning

» Life Insurance

» Tax News

» Tax Calculators

» Downloads

» Contact Us

» Latest Tax Tips
How can I obtain the IRS 2021 Form W-7 with the...
IRS extends C Corporation filing date to May 17, 2021
Which Taxpayer Qualifies for Advance Payments?
How do you get a "147C Online- EIN Designation Confirmation...
What are the Foreign Earned Income Exclusion for 2019?

» Recent Tax Q&A
No Threads to Display.

» Free Downloads

Latest Files

What Are the Important Highlights Of 2010 Tax Law
EzWagez Payroll System
TurboCASH
AlauxSoft Accounts and Budget
Gas Mileage MPG Tracker