has anyone gotten 1099k for 2024 yet

[ginapeet]

mine says im not getting one,but it is early.just wondering if thyre showing up on anyone elses yet

[stainlessenginecovers]

They ALWAYS show that (being wrong, but they do). The 1099's don't show up until Jan 30/31 as required (and has been the case since Managed Payments (and even Paypal before them) 

[monica-sells]

@stainlessenginecovers is correct

that is the 'default' message until the required due date...if that same message is there after the 31st I suspect you're not getting one. (although I would not just rely on that, use your own records)

[gamingsincebirth]

THANK YOU i started doing our taxes and my wifes was easy, this will be the first year i deal with being a reseller so im anxious to get it done soon. Glad to see someone with an answer to this question

[wastingtime101]

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@ginapeet wrote:

mine says im not getting one

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Hi devon@ebay . Gonna keep pinging you when I see confusion over this. 😁

Hoping with enough reports the product team will change that misleading message and use different messaging for the period of Jan 1 - Jan 31 each year.

[devon@ebay]

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@wastingtime101 wrote:

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@ginapeet wrote:

mine says im not getting one

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Hi devon@ebay . Gonna keep pinging you when I see confusion over this. 😁

Hoping with enough reports the product team will change that misleading message and use different messaging for the period of Jan 1 - Jan 31 each year.

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Hey @wastingtime101! The Product team is aware of the verbiage and I will keep you posted for any updates!  

[formulaandmore]

I find it a bit ridiculous that it takes so long to get a 1099-K from ebay. Does anyone know if the 1099-K would be the same overall income amount that is located in your seller hub > Reports > Adjust to last year. From there it tells you your total: order income amount, Refunds, expenses and net transfers. I would assume the total order sales/amounts would be the number you would put on the 1099-K, correct? Or no?

[wastingtime101]

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@formulaandmore wrote:

I find it a bit ridiculous that it takes so long to get a 1099-K from ebay. 

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January 31st deadline comes from the IRS.

[monroe67]

"I would assume the total order sales/amounts would be the number you would put on the 1099-K, correct? Or no?"

Who do you mean by that red highlighted word, "you"?  Do you mean you and other individual eBay sellers?
If so, you are mistaken.  

eBay issues 1099-K forms for people who sold on eBay's platform.  eBay sellers do not create their own 1099-K forms.  

For the recently completed calendar year 2024*, eBay is required to issue a 1099-K form for each seller who sold $5,000.  That number includes item selling prices and postage that buyers paid. 

Sales taxes that your buyers paid are not counted toward that $5,000 figure.   

If eBay sellers refunded any money to their buyers, those amounts are not counted toward that $5,000 either.  

I think eBay will be issuing hundreds of thousands of 1099-K reports no later than the date the IRS requires:  January 31. 

*BTW, looking forward one year, for 2025 that threshold will be reduced to $2,500.00.

In 2026 and future years, the threshold will be $600.00.