I sold less than 200 items and less than 20k but still got a 1099K ?

[darkerhenhenhen]

I only sell occasionally on ebay to get rid of some stuff. In 2020 I sold less than 200 items and less than 20k (probably received 1k in total) but still got a 1099K from Paypal? I read online that it comes when you have sold more than 200 items (transactions) or the total amount is more than 20k?

Am I still supposed to report this (deducting all the fees and taxes and other expense myself)? I don't have eBay's Managed Payments yet. 

Thanks in advance. 

[comics-scifi-collectibles · Accepted solution]

@darkerhenhenhen  The 1099K requirements do have lower thresholds in some states.

Even if you do not receive a 1099K you are still supposed to report your income and pay taxes on any profit 

@wooden_flower  Here is an Illinois seller.  Do have any other advice for them.