PayPal Friends & Family listings. Why is this becoming so common?

I've bought and sold gear here and on AM for 35 years. The above example is always a huge fear. Thankfully its never happened to me. Although anything of great value I'm extremely careful on who i will sell too.

Question for all- I thought the IRS put on hold the demand for PP to disclose any transactions over 599.00,. or the issuing of a 1099. Is still the case ?

Any and all info on this would be greatly appreciated.

I'm not trying to hijack the thread...but feel this is relevant info regarding the OP original question.

Example to the above... If I buy a used amp that sold new for 5000 and I buy it for 2500. I then eventually sell it for 2000. If I get a 1099 for 2000...how would I prove a loss at any of the above example? I wouldn't have an documentation to support my loss based on second hand sales.

I sincerely doubt that you have been buying and selling here for 35 years. Audiogon was not in existence in the 1980s and started in 1996.

+1 @lalitk ​​​​​@freediver 

I try to avoid PayPal altogether. My intention is to use Venmo going forward.

I was in on the ground floor...okay on AGon 28 years. Your a complete ahole if thats what you got out of my question. And buying and selling locally before that.

WTF is wrong with you ?