I'm sure it can't really be like that. I mean, supermarkets obviously won't be required to keep files for all their customers.
Yep, this is ugly, but I don't think it'll survive.What that really means is that he's got to keep records on everyone he buys ANYTHING from so that he will know if he bought more than $600 from any single person in the course of a year.
Sure. Sorry about that.
Starts on Page 5, Line 11. Runs through Page 7 I think.
http://democrats.senate.gov/reform/m...-amendment.pdf
It's not all bad news...
You can deduct the cost of mileage to and from the gun shop !!!
You can deduct the transfer fees if you sell it to someone.
You can deduct the cost of the safe you keep it in before selling it.
For most of us, selling a gun, and filing a schedule C means we can deduct business losses from our real income. This is actually, potentially, quite good...