1099K beginning next year

[kozmo_kramer]

Look for a big slump in Ebay business next year, next year 2022 Ebay will be required to send sellers a 1099K to all sellers with sales > $600.  In the past Ebay would send you a 1099 after you reached 20K in sales and 200 sales.

With Ebay sticking it to sellers with managed payments how many sellers are going to stick around after this year?  Almost 13% ebay gets and the federal, state and local taxes.  

[soh.maryl]

We all understand that this is a Federal law, not an eBay rule, right?

And that the rule will apply to other similar sites, not just eBay?

OK, just wanted to make sure.  

[kh-vince]

Hi everyone,

Due to the age of this thread, it has been closed to further replies. Please feel free to start a new thread if you wish to continue to discuss this topic.

Thank you for understanding.