04-09-2024 03:28 AM
But cannot find anything about this on ebay. I a newbie and ebay asked for ssn when I hit my $600 in sales. Shouldn't it be at $5k sales? Here is the notice on the IRS website.
04-09-2024 06:01 AM
Notice it says 'plans for $5,000...' It is not official yet that the threshold is $5,000. Until the IRS issues a firm directive, the threshold stands at $600.
It really shouldn't matter to you - your profit is taxable with or without a 1099k. The 1099k is just a reporting tool.
04-09-2024 06:05 AM
Hello retro-licious,
Currently, there are at least ten U.S. states that have a lower threshold for generating a 1099-k than the IRS. eBay, and all other selling platforms, require a SSN to sell on their site.
We want your journey here to be as great as can be, so we have put together some links to help you get quickly familiarized with the eBay Community.