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1099-K reporting threshold
Yay! 1099-K reporting threshold of $20,000 and 200 transactions has been passed.
My question, is it “and 200†or â€and/or 200 transactionsâ€?
Thanks in advance.
3 comments
monroe67
Mentor1 year ago"My question, is it 'and 200' or 'and/or 200 transactions'?"
There are two criteria that both have to be met:
1. Number of Dollars. A minimum dollar amount of 20,000 dollars and
2. Number of Transactions. A minimum of 200 separate and distinct transactions.
Thus -- if eBay processed total sales for you during 2024 in the amount of $50,000
and that $50,000 was the total of 199 transactions --
eBay would not be required to send you a Form 1099-K.
Moreover, eBay would not be required to tell the IRS about your $50,000 earnings via Form 1099-K.
Now: read that last sentence again:
eBay is not required to tell the IRS about your earnings, if they're under those criteria.
And read it again: eBay is not required to tell the IRS about your earnings (applicable criteria).
But YOU, as an American income tax payer, are expected to list all your income
when you are preparing your income tax return during the first 2-3 months of the year.
In other words:
Absence of a Form 1099-K from eBay does not equal absence of income tax on eBay earnings.
mr_lincoln
Mentor1 year agoHi @peteholden
Here is a link to the eBay Help page that explains all of that for you in one convenient location: eBay and Form 1099-K | eBay
Unless there has been yet another delay, the threshold for 2024 sales is $ 5,000.00 per the chart on the page.
monroe67
Mentor1 year ago"Unless there has been yet another delay, the threshold for 2024 sales is $ 5,000.00 per the chart on the page."
"Delay", indeed. It was part of the One Big Beautiful Bill Act, that passed the Congress on July 4, 2025.
Interestingly enough, though, eBay's announcement today omits any mention of the first taxable year that these $20,000/200 items thresholds go into effect.