Comics-scifi_collectibles Volunteer Community Mentor
@rblack9854 The only way to receive buyers payments now is to your checking account.
eBay is required to issue a 1099k when your GROSS sales are $600 or over.
You are supposed to pay taxes on any profits even when a 1099k is not issued. I have not made enough in recent years to require one but I still report the gross and pay my taxes on the profits after deducting expenses and item cost.
Some years I owe taxes and some years I am just turning "stuff" into cash and it doesn't increase my taxable income.
