1099 -K report 2023

[yaddith]

On April 3, 2022 I received a message from ebay saying that ebay would file and send me a form 1099-K because my sales for 2022 exceeded $600.  I haven't received a form in the mail, and my "reports and taxes" page on ebay says "you don't have any 1099-K tax forms available."  What should I do now?

[nobody*s_perfect]

On December 23, 2022, the IRS announced that they would hold off one year (at least) in implementing the new $600 threshold.  So unless you live in a state that has implemented a lower threshold, eBay will use the previous $20K federal threshold to determine whether to send you a 1099-K.  Here's the eBay announcement about the IRS announcement:

https://community.ebay.com/t5/Announcements/IRS-announces-delay-in-new-600-1099-K-tax-reporting-thre...

[yaddith]

Thanks!  

[partfinds]

Last year they posted 1099k for me on feb 1st and some people got it even later. Keep checking it every day online.

[rodas949]

Does this mean if we sold under $20k we dont need to report sales since are holding off implementing the new $600 threshold?

[slippinjimmy]

---

@rodas949 wrote:

Does this mean if we sold under $20k we dont need to report sales since are holding off implementing the new $600 threshold?

---

NO! it means you won't get a 1099-K but you still need to declare the income just as if you did receive a 1099-K.