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8 REPLIES 8

1099 K delayed for 2022?

It is a wonderful thing that the tax evaders will be allowed to evade for another year, while the honest sellers foot the tax bill. Not. 

Message 3 of 9
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1099 K delayed for 2022?

Is this official or speculative?

Message 4 of 9
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1099 K delayed for 2022?

If you look at some of the 10 linked threads above, you will find the links to the official announcements from IRS and eBay regarding the delayed implementation.

Message 5 of 9
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1099 K delayed for 2022?

Regardless of the temporary reprieve, you should alwys report the profits, sales tax collected, & any other deductions. 

 

Good luck!

Message 6 of 9
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1099 K delayed for 2022?


@714ricki wrote:

Regardless of the temporary reprieve, you should alwys report the profits, sales tax collected, & any other deductions. 

 

Good luck!


Since sellers do not receive the sales tax themselves (eBay does), there is no reporting required on federal income tax forms--especially as any kind of deduction.

Message 7 of 9
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1099 K delayed for 2022?

Stop calling garage sale sellers tax cheats. If I sell a bicycle I bought for $2,000 three years later to my neighbor for $1,000, and don't report that exchange, does that make me a tax evader?

Message 8 of 9
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1099 K delayed for 2022?

If you try to download the 1099k form if your sales amount are over $600, it's not available for 2022 tax year which means it is officially delayed.

 

So cheerful. 

 

Thanks for the community members. 

Message 9 of 9
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