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why did Ebay send me 1099-K under threshold
I received 1099-=k clearly under the 2025 thresholds. How do i have ebay correct this. I already filed my tax return.
4 comments
wooden_flower
Mentor8 months ago@stevo555
IL has a threshold of $1,000 plus 4 items.
You’ll want to amend your tax return.
Remember, too, that you must always pay tax on any profit from sales, even if you don’t get a 1099k.
stevo555
OP8 months agoThanks for the IL rule. I guess will just wait for a notice and then amend with a zero change as all these sales have no gain as they are personal used items I sold for a fraction of the new cost.
wooden_flower
Mentor8 months ago@stevo555
You are better off to file an amended return with the 1099 amount added in as misc income and then deducted as misc expense, both on schedule 1.
IF you wait for a notice, it may come with a bill due for tax on the full amount, as well as penalty for late payment, based on what others have reported.
disneyshopper
Mentor8 months agoYou are located in Illinois, so I don't know why you received a 1099-K.