Reverb-1099

[chimi42]

So because I live in the magical state of New Jersey I got a 1099 from reverb for 2021. A couple of big sales pushed me to almost 9k.

Planning to get my taxes done soon and was curious if anyone had any experience with this?

Looks like I’ll have to do a schedule c form to show how much I paid for the guitars originally to see if I made a profit or not. Given that most of my deals are in person/ cash I guess Uncle Sam will just need to take my word for it? A few were through guitar center so luckily I’ll have receipts for that.

Do I really need to start going down the road of getting hand written receipts from people who sell me gear?

Also not sure if I’ll want to continue using reverb now

Ps- sorry if this was discussed before