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Can some one explain this? Does this mean the 20k thresh is good for the year of 2023?
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Locked
Discussions in this board are limited to the original poster and Community Mentors
 $600 threshold.
Can some one explain this? Does this mean the 20k thresh is good for the year of 2023?
inceptions
Mentor3 years agoThat's one of the worst-written articles I've seen on this subject...
The "new rule" extended the time frame for receiving a 1099-K from January 2023 (for sales made in 2022) to January 2024 (for sales made this year).
Keep in mind that, as it has ALWAYS been, even if you don't trigger a 1099-K form, you must still report your taxable income.
kensgiftshop
·3 years agoI read the other day where they postponed it until next year.
But, that doesn't mean you don't have to report your income, it just means Ebay doesn't have to report it.