Virtual income to be taxed

[Charles Lindsey]

It's "inevitable" according to this writer.

http://tech.msn.com/products/article.aspx?...umentid=1392930

quote:

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If you are a hard-core player of virtual worlds like World of Warcraft, Second Life, EverQuest or There, IRS form 1099 may someday soon take on a new meaning for you.

That's because game publishers may well in the not-too-distant future have to send the forms--which individuals receive when earning nonemployee income from companies or institutions--to virtual world players engaging in transactions for valuable items like Ultima Online castles, EverQuest weapons or Second Life currency, even when those players don't convert the assets into cash.

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Scary and ridiculous.

PS; seemed politics to me. Feel free to move to Gaming or general chatter.