Basically, for tax purposes, Valve wants to confirm information about you. The most important thing is whether you're a US residemt or not. I decided to provide mine, since I'm not a US resident, all it asked for was confirmation of that (just your personal details to an extent - if you're going to do provide it, do it within Steam, not on a browser).
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Yup. Go ahead and do it now, you don't needa wait till 200, I did mine at around 180.
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You'll get a nag at the top of your screen when you visit the Community Market. I'm fairly sure you have to wait for it, but the process only takes about 5 minutes, after which you're free to carry on trading :)
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I'm not a US resident, so just gave them my personal details and carried on. I'm well past 200 transactions now :)
Actually, I'm rather hoping there are some tax implications for this, as the thought of claiming computer depreciation, repairs and upgrades, in addition to tax deductions for heat, light, etc, expended in pursuit of a few cents of "taxable income" on the Steam market would be thoroughly awesome.
Treating Community Market income as taxable (therefore classifying all expenses incurred in creating this income as tax deductible) would be a spectacular own goal by my country's tax authorities, as only a very select few would make any taxable profits after expenses, and I suspect most of those don't live anywhere near these shores :D
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So i'm almost reaching 200 transactions on Steam Market, my question is.. after reaching 200 transactions i won't be able to use Market? Because i read F.A.Q and didn't understand much.
If someone kind could help me out, i would be appreciated.
Thanks!
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