Why am I having to fill out a 1099 when I sold an item under $600? After shipping costs and eBay taking their cut it will not be over the $600 threshold. The $600 threshold is only being created with the overhead which was not a part of the sale, it was taxes.

Have read that the providing of information is not a "set in stone" requirement at $600. eBay (and others) can request it at any amount. eBay will err on the side of caution to require that information with the looming possibility that you could sell another $8 or so worth of merchandise at which point eBay would be scrambling to attempt to get you to provide the information so that they cold, as required by law, issue a 1099-K If they give you your present earnings and were to s...

Sold item just under $600 | Payments

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Sold item just under $600 | Payments | eBay Community