Form 1099-K to sellers who receive $600 or more in gross payouts

With the recent announcement that IRS holding off on requiring Form 1099 to sellers over $600, is eBay still sending forms to sellers over $600? If not, I would like to start selling again in stead of waiting to 2024.

2be4me

615 View listings

Posted 2 years ago·Last reply 2 years ago

4 comments

dhbookds

·2 years ago

1664 View listings

No, the IRS is not requiring 1099 unless you've sold 20,000 & have 200 sales.........however, many states are requiring 1099's for less..........so better check on your state............

luckythewinner

·2 years ago

1158 View listings

@2be4me wrote:
With the recent announcement that IRS holding off on requiring Form 1099 to sellers over $600, is eBay still sending forms to sellers over $600? If not, I would like to start selling again in stead of waiting to 2024.

IMHO the $600 limit should not have any bearing on your ability to sell in 2023.

2 years ago

6923 View listings

Regardless of what the threshold for eBay to send 1099, you should still be declaring your eBay income on your taxes. It doesnâ€™t always mean you will owe taxes. You should also find out what the threshold is in your state.

fern*wood

·2 years ago

10492 View listings

@ebooksdiva wrote:
Regardless of what the threshold for eBay to send 1099, you should still be declaring your eBay income on your taxes. It doesnâ€™t always mean you will owe taxes. You should also find out what the threshold is in your state.

It seems many sellers just don't get this part or don't care. I can't even respond anymore to these posters, but they do have a cute dog.