If sellers making under $5,000 aren't receiving a 1099, can we subtract $5,000 from our 1099?

[stufftosell2002]

Basically, title. If people making under $5,000 aren't getting a 1099 that they are going to file on their taxes, would that mean we can cross off the first $5,000 on our 1099s? 

I'm going to ask our tax person, but trying to get info from a community that knows ebay rules as well. 

[rock.star]

No,no,no!

The first $5000 is not like tax free .

You only pay taxes on any profit you make. 

[wooden_flower]

@stufftosell2002 

You are obligated to self report all of your earnings when you do not receive a statement like a 1099 (or W2, etc). 

Not receiving a 1099k does not excuse you from paying tax on any profit that you made - this year or in past years.