In general the requirement is to have at least 200 transactions with a value of at least $20,000. However, several States have a lower requirement which eBay needs to follow. Please check with your State as to their current requirement for this form.
jacbarcollectibles
Mentor7 months agoIn general the requirement is to have at least 200 transactions with a value of at least $20,000. However, several States have a lower requirement which eBay needs to follow. Please check with your State as to their current requirement for this form.
tmc68
OP7 months agoThanks I didn't even consider that it could be state specific!
dryophelia
Mentor7 months ago@tmc68
I would check the IRS website first. Then check your states website to see if they have the same threshold.