I sold about $3000 worth of motorcycle parts on Ebay. Why no 1099-K?
I sold about $3000 in used motorcycle parts in 2023. Yet, didn't get a 1099-k from Ebay. Ebay charged the buyers sales tax. Did Ebay forward those sales taxes to the IRS on my behalf? How do I report the income to the IRS?
1 comment
wooden_flower
Mentor2 years ago@thofis54
LA does not have a lower threshold, so you only get a 2023 1099k if you sold $20,000 plus 200 items.
You use your own records when you do not get a 1099k. The financial overview report is a good place to start - https://www.ebay.com/sh/fin/reportslanding