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1099-k
I'm curious if anyone received a 1099-k even if you sold less than $20,000 or less of goods?
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I'm curious if anyone received a 1099-k even if you sold less than $20,000 or less of goods?
dryophelia
Mentor2 years ago@maxed7420
Some states have a lower threshold than the Federal requirement.
eBay is required to send the form based on the seller’s jurisdiction. There is no rule that says the form can’t be sent if below that threshold. It’s highly unlikely, but it could happen.
lady_madonna
Mentor2 years ago@maxed7420
Some states have a lower threshold than the federal threshold. If a seller lives in a state with a lower threshold, they will receive a 1099K from Ebay if the seller met/exceeded their state's threshold.
All sellers need to report their income from their sales even if they did not receive a 1099K.