Not a jewelry question

[mimiwells]

So I am being told that the 1099-k forms are out?  Is that true.  I just got a message saying I do not have a 1099-k form, does that mean its not been prepared yet, or I am not getting one?   I know its not  a jewelry question but I find on this board I get more direct answers.  Any info would be helpful.  I;ve been all over my site and can't find one to download.  Am I looking for it too early?  Has anyone received theirs yet?

[wastingtime101 · Accepted solution]

eBay has not issued 1099-Ks for 2024 yet.

Deadline for eBay to release 1099-K forms is Jan 31st each year.

They will be posted on your payments section here: https://www.ebay.com/sh/fin/taxforms

Note the current message on that page will say you're not getting a form which is misleading - that's how it displays to all sellers before forms are released. You'll have to wait and see if that same message appears after Jan 31 to know if you're getting a form or not.

[mimiwells]

Thank you so much.  I was originally told I would be getting one but then I saw that message and I thought hum maybe not.  Thanks again.

[wastingtime101]

Hi devon@ebay . I know I already tagged you on another discussion about the misleading wording of the 1099-K message. Please see above for a specific use case with the confusion it's causing. Thank you.

[mimiwells]

My nephew said his 1099 has been downloaded so he's all set to go.  Mine says I don't have one.  Ugh.  I hate waiting lol

[1940fc]

Mimi the threshold was changed again for 2024 filing & onward. 

 If you didn`t reach the threshold for 2024 (which is more than 5000,  you shouldn`t get a 1099 automatically, you`ll need to do it on your own when you file

Here`s the update on it from IRS:

Under the guidance issued today, TPSOs will be required to report transactions when the amount of total payments for those transactions is more than $5,000 in 2024; more than $2,500 in 2025; and more than $600 in calendar year 2026 and after

[mimiwells]

Thanks Sarah (by the way my name is Theresa)I report the income every year buyt have never received a 1099-K.  I surpassed the 5,000 mark so unfortunately I have been told I will be getting one.  Severlal of the folks I know have already gotten theirs.  They were able to download them.  Mine still says it isn't here.  I was hoping to get my taxes done and completed in the next week not sure that is going to happen,   Think I am going to have to pay in, but I like to know up front,, I don't like waiting, my bad.  Tanks again

[1940fc]

Morning, Theresa.   Maybe you  can get it thru PP if Ebay doesn`t come thru??  Ebay still has until the 31st to get it to you..or you can go ahead & call on it (if you have the patience  lol) 

https://www.ecommercebytes.com/2025/01/26/paypal-updates-user-agreement-makes-available-form-1099ks/

[mimiwells]

Thanks Sarah never thought to check that.   lol   

[wastingtime101]

---

@1940fc wrote:

Morning, Theresa.   Maybe you  can get it thru PP if Ebay doesn`t come thru??  Ebay still has until the 31st to get it to you..or you can go ahead & call on it (if you have the patience  lol) 

---

PayPal is not our payment processor @1940fc . eBay manages payments (through Adyen) which means PayPal has no visibility to our transactions or power to issue our 1099-K forms.

PayPal will only issue 1099s for sellers that process payments through PayPal, for example if they integrate PayPal as the payment option on their personal websites.

If by "call on it" you mean contacting eBay CS, that would be a complete waste of the seller's time and CS resources as CS has no power to change the federal Jan 31st deadline or to generate a 1099-K more quickly for a seller.

A 1099-K is not needed to file ones taxes; sellers can use their own records. The 1099-K just tells us what eBay reported to the IRS so we can cross-check our own records against eBay's numbers.

That means @mimiwells can go ahead and get her taxes done if she wants to, then wait up to 4 days for her 1099-K to double check her numbers against eBay's before filing.

[1940fc]

Sorry for mixing apples & oranges, Mimi.  Guess I replied before brain caught up with fingers (not the first time, I`m sure)  😉

wastingtime101 is correct in  'most' of their info.   I don`t think, however I implied that you should  call & ask Ebay CS to change any deadline or  issue anything quicker than what they do, but merely to check on it. No biggie 

[wastingtime101]

---

@1940fc wrote:

wastingtime101 is correct in  'most' of their info.   I don`t think, however I implied that you should  call & ask Ebay CS to change any deadline or  issue anything quicker than what they do, but merely to check on it. No biggie 

---

Thanks for clarifying! As I mentioned, I wasn't sure what you meant. But it would still be a total waste of time to contact CS. They won't be able to check on the status of an individual's 1099-K and will at best (if informed) provide the same info posted on the tax form page.

[mimiwells]

Thanks for all the information.  Its the 31st and I will don't have one, so may just wait a  bit more to see if I get one, otherwise I will definitely go ahead and file.  I always like to get this monkey off my back early in the year.  Thanks all.