Question - Wile i always had the the trash hobby / finding what i need / My real discovery to actually sell scrap was end of summer 2009 - previous to that I Painted and did other types of construction work ,the yr 2010 all i did was scrap (the selling of metal) but 2010 i was still in a mind set that i was still a painter craftsmen just - I had Zero Work (Very True) so my fed tax returns listed me as a self employed Painter craftsmen but since I did no construction at all,
the money i made from scrap I declared as my income , I take the standard deductions set by the gov and do not add to them at all.
NOW I am being ask to provide written verification of the money AMT from 2 yards i do business with, as some one in the Gov. thinks my tax returns represent construction income only. I truly have no 1099's or any customers for 2010 to corroborate construction (& I did just sell scrap)
The yards - Yard one i only sold 2 times = $125 give or take they use a very good booking keeping system complete computer receipts
Yard two - While a huge & well known one gives hand written receipts and files theres away alphabetical . They once told me there bookkeeping is what is required for theft prevention. If one day 1099's are required then there system will change.
For 2011 I will inform my accountant i make income from scrap only. What I am concerned with is this written verification as Yard #2 will not able to print out any thing All i have is my own hand log book and some receipts that i did manage to keep I made consistent income this year & will declare as required.
Can my word be the written verification ? & is my log book sufficient ? Its not like i am making crazy huge money here.
but certainty I'll be darned if some one thinks i made twice the the income , cause if i did I sure would not be behind on my bills.
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