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Please refer to the FAQ. this is a taxation requirement from the IRS. Trades on the market are INCOME and therefore must be reported to the IRS.
Again, I have never traded or sold anything on Steam. Valve does not need my Social Security number to process a simple purchase, no more than Amazon, NewEgg, or any other online vendor.
If you don't use the market, then don't worry about it. It isn't required to buy games. It is required to sell item on the Market. If you don't use the Market, then just ignore it.
Do your children use your account by any chance?
Are you using a browser or the client?
No one uses my account but me. The kids all have their own accounts.
I normally use the Client. I've accessed Steam through my web browser when the Client wasn't cooperating well enough. But I prefer the Client software.
Could you take a screen shot? Don't forget to edit out private information.
This is what I see.
http://i.imgur.com/WDfkqYB.jpg
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Is there a limit on the number of transactions I can participate in in the Community Market?
Currently there is no limit on the number of transactions you can participate in. However, the United States Internal Revenue Service, under Section 6050W of the Internal Revenue Code, requires us to collect certain information from you if you engage in more than 200 separate sales transactions in a calendar year. In particular, if you are a U.S. citizen or resident, you will need to provide us with your name, address and Social Security Number, and if you are not a U.S. citizen or resident, you will need to provide evidence of your non-U.S. status on an online form we provide to you. We will be providing a link to these forms and a process by which you can provide the needed information if and as you approach the 200 sales limit. We may use a third-party to collect this information. You can choose not to provide this information if you wish, but you will not be able to list any items for sale in the Community Market once you meet the 200 sales threshold, and any items listed will be removed. Note that, while we are required to collect this information from you, we are not required to share this information with the IRS under Section 6050W unless you exceed $20,000 in gross sales in the Community Market within a single calendar year. For purposes of calculating the number of sales you have made in a calendar year, all of your accounts will be treated as a single account.
OP when you go to 'Market Transations" how many do you see? It should show something like "Showing 1-6 of xxx"
I'd also compare the browser with the client as well.
Also given this
http://steamcommunity.com/discussions/forum/1/864974467575806112/
I wonder if something 'more' is going on here....
I wonder though how that can be considered income since there is no cash flow, the money is staying on Valve's deposit with no option of withdrawing.
Personally, after learning about this I've been keeping track of every item I sell on the market to not even get close to the 200 limit - no amount of cards/backgrounds/emoticons or any other virtual nonsense is worth my SS#... screw that >_>
Technicaly you are supposed to report any gift you get as unearned income. Birthday present, Christmas, contests, ect.
As you are getting something in return for an item, and usualy you are getting more then what the item cost, it is taxable.
You can negate the tax with losses if you buy high and sell low (or make donations to good will), but there is a cap on how much you can claim.
So it doesn't have to be cash or even physical items as long as there is a precived money value attatched to it.
I agree that I will stop when I hit the max it will let me do, though if I was making more then just a few bucks here and there, I would probebly be willing to give my SSN. It just isn't worth it though on the Market selling cards to buy games.
http://i3.photobucket.com/albums/y71/teh-roxxors/steamnotfunny_zps472a04fc.jpg
Follow the link, you come to a page whereon you verify citizenship. On the page after that, you supply your Social Security number and some other information.
As I've never sold anything on Steam, I see no reason to surrender that information. I buy games--that's it.