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The 1099 just shows what you brought in.
It’s up to the diligent tax filer to keep track of what it cost to conduct the transactions and what the purchase price of the goods sold was.
You are only required to pay tax on earnings. If you sold something for equal money or less, you don’t owe...
It’s anything over 600, in a fiscal year.
It wasn’t an executive order, it was part of the stimulus bill that was passed by congress.
It has always been the law that you pay income tax. You get asked if you made money online when you file your taxes.
Most of us got a bit of amnesia during tax...
I have the idle screws at 1-1/4 turns out.
Transfer slots are square.
I stepped the IFR’s down form .033 to .031. I left the IAB’s alone.
The primary throttle plates are drilled. I just ordered some undrilled from Braswell today.
Idle vacuum is 14”.
20 degrees initial, 34 all in by 2200RPM...
Thoughts on this plug.
The color doesn’t look bad, but all the plugs are wet like this after sitting for a couple days.
The car smells rich at idle, but if I take anymore fuel out of it it wants to stall.
Car is a mild 446. 20 degrees initial and 34 all in.
906 heads. Fully worked...
I buy and sell on EBay regularly.
I sell a lot of obsolete electrical components. They sell quite well on eBay. No real other venue to sell on (I need to reach a worldwide audience).
I buy all kinds of stuff on eBay.
Is it as good as it once was?
Is it still my best option?