Should I get a 1099 form if eBay says I have over $600 in sales?

Question

mam98031 · Answer

And remember, if you did not qualify to receive a 1099K form from anyone, you still need to report your income to the IRS. The IRS does not have a minimum requirement, they expect you to report all income. You will have a chance to subtract your expenses before arriving at your taxable income.

But just because you may not get a 1099K does NOT mean you don't have to claim your income.

eastlaneave · Answer

@retrogems949

Your 1099-k for your sales will be here:

https://www.ebay.com/sh/fin/taxforms

Unless your state requires a 1099-k at a lower level, you won't get one from eBay in 2022 unless you have $20,000 in sales and 200 transactions in 2022.

The IRS rolled back the $600 1099-k threshold. It won't be enforced until 2023

Also, the $600 comes from actual payments received. A non-paying buyer will show in your "sales" number, but will not be in a 1099-k. A refunded sale will be.

Here is a new 1099-K Guide. It shows how all the numbers are generated:

https://www.ebay.com/mes/taxguide