Today's (11/21/23) IRS decision about the $600 threshold on online sales to receive a 1099-K

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Today, the IRS announced that it is delaying a controversial tax reporting requirement targeting Americans who made more than $600 online through third-party payment apps like Venmo or PayPal. Does this IRS rule apply to Ebay?

macusersince85

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Posted 2 years ago·Last reply 2 years ago

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mr_lincoln

Mentor2 years ago

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@macusersince85

eBay will issue a 1099K for the Gross total (item price and paid shipping) at or above the minimum threshold the government determines is reportable to them. If a Seller sells on more than one venue they may receive more than one 1099K form for income tax reporting.