Quote Originally Posted by Mettler View Post
I like your answer. If that is (was) true, I think it may be changing for 2012. I've read that on any scrap sale over $600, there will be a 1099 issued. Whether or not that document will include the seller's name, I don't know.
Oh yeah - didn't think of the 1099k thing. The laws were changed at the last minute so I think you're wrong on the mandatory over $600 reporting, but again I'm no expert. I've only been following it with regard to paypal (which reports over 20k in transactions).