1099 for 2024

[terratreasures]

I haven't received my 1099 from ebay for year 2024? ebay reports I should receive by Jan 31st?

[loose_goose_garage]

They have until 11:59:59 PST.

Still 15 hours to go.

[lux.ra_14]

You will get it in the fullness of time.

As in, some time later today ...

[devon@ebay]

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@terratreasures wrote:

I haven't received my 1099 from ebay for year 2024? ebay reports I should receive by Jan 31st?

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Hey @terratreasures! I just wanted to reach out and let yourself and others know that sellers whom qualified to receive a 1099-K will start to see them later today. 

[csbbct]

devon@ebay 

It would be nice if they didn't wait until the last second though.  For my state, Sales Tax returns are due today also.  Although I will owe no sales tax because it's collected by eBay, I need the Gross Sales amount for the form.  I would like to use the figures that come through on the 1099-K because for some reason every year they are slightly different from the numbers shown on the Financial Summary Reports for the year, and I don't want the possibly of the state questioning why my Sales Tax Return numbers are different from my 1099-K numbers.

I had no choice but to submit my state's Sales Tax Return without those 1099-K numbers because it's 2:00pm here on the east coast and if I don't file today I'll get a $50 penalty, even if I owe no taxes!  Can you please pass this information along to the department producing the 1099-K's?  Thank you!  

[mr_lincoln]

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@csbbct wrote:

devon@ebay 

It would be nice if they didn't wait until the last second though.  For my state, Sales Tax returns are due today also.  Although I will owe no sales tax because it's collected by eBay, I need the Gross Sales amount for the form.  I would like to use the figures that come through on the 1099-K because for some reason every year they are slightly different from the numbers shown on the Financial Summary Reports for the year, and I don't want the possibly of the state questioning why my Sales Tax Return numbers are different from my 1099-K numbers.

I had no choice but to submit my state's Sales Tax Return without those 1099-K numbers because it's 2:00pm here on the east coast and if I don't file today I'll get a $50 penalty, even if I owe no taxes!  Can you please pass this information along to the department producing the 1099-K's?  Thank you!  

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Hi @terratreasures 

What state are you in???  PA gives Tax ID holders until Feb 20 for Semi-annual filers.  For more frequent filers they give them until Jan 21 and obviously those filers would have to depend on gross sales totals that eBay can provide via Custom reports on the Financial summary page. 

[onefootflipper1]

It isn't just ebay holding off until the last second this year. I am expecting about 20 forms between my wife and I , so far we are missing ebay, mercari, every single bank and investment account we have, paypal, district and my book publisher. 

The only ones I have so far that didn't wait until the last second were youtube and the health insurance marketplace. Both of those came IN THE MAIL over a week ago.

[tealt]

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@csbbct wrote:

devon@ebay 

 For my state, Sales Tax returns are due today also.  Although I will owe no sales tax because it's collected by eBay, I need the Gross Sales amount for the form.  I would like to use the figures that come through on the 1099-K because for some reason every year they are slightly different from the numbers shown on the Financial Summary Reports for the year, and I don't want the possibly of the state questioning why my Sales Tax Return numbers are different from my 1099-K numbers.

Can you please pass this information along to the department producing the 1099-K's?  Thank you!  

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Exactly!  Me too! 

I have the same concerns about eBay's wait-until-the-last-minute-to-provide-1099K's process.

I am in California and am required to file my annual sales tax return on January 31.

Waiting to file until later today is dicey.  The CDTFA website has been known be overwhelmed with late filings and go down at the end of the day--thus making me file late and be liable for late fees.

This is my first year for a 1099K (and yes, I've been paying income tax on my eBay profits for decades), so I don't know what will happen if CDTFA does match the gross sales figure with my 1099K.  Yuk!

[terratreasures]

Thanks everyone I live in NJ, Ebay reports that I will receive my 1099 by Jan31st note the screen shot below:, no email yet and nothing in the taxes part of the payment section - is eBay just slow on providing?

[stainlessenginecovers]

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@onefootflipper1 wrote:

It isn't just ebay holding off until the last second this year. I am expecting about 20 forms between my wife and I , so far we are missing ebay, mercari, every single bank and investment account we have, paypal, district and my book publisher. 

The only ones I have so far that didn't wait until the last second were youtube and the health insurance marketplace. Both of those came IN THE MAIL over a week ago.

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@onefootflipper1 your bank is online at your bank.com. Investment account (Schwab for instance) are not sending them out until Feb 28th. 

[mr_lincoln]

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devon@ebay wrote:

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@terratreasures wrote:

I haven't received my 1099 from ebay for year 2024? ebay reports I should receive by Jan 31st?

---

Hey @terratreasures! I just wanted to reach out and let yourself and others know that sellers whom qualified to receive a 1099-K will start to see them later today. 

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devon@ebay 

Hey Devon!  3:10 PM EST and no 1099K yet ... I don't need it today but just wanted to update my account's activity on this subject.   

I'm guessing I will see it no later than 6 PM my time ... of course I like to guess at stuff like this.

[stainlessenginecovers]

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@tealt wrote:

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@csbbct wrote:

devon@ebay 

 For my state, Sales Tax returns are due today also.  Although I will owe no sales tax because it's collected by eBay, I need the Gross Sales amount for the form.  I would like to use the figures that come through on the 1099-K because for some reason every year they are slightly different from the numbers shown on the Financial Summary Reports for the year, and I don't want the possibly of the state questioning why my Sales Tax Return numbers are different from my 1099-K numbers.

Can you please pass this information along to the department producing the 1099-K's?  Thank you!  

---

Exactly!  Me too! 

I have the same concerns about eBay's wait-until-the-last-minute-to-provide-1099K's process.

I am in California and am required to file my annual sales tax return on January 31.

Waiting to file until later today is dicey.  The CDTFA website has been known be overwhelmed with late filings and go down at the end of the day--thus making me file late and be liable for late fees.

This is my first year for a 1099K (and yes, I've been paying income tax on my eBay profits for decades), so I don't know what will happen if CDTFA does match the gross sales figure with my 1099K.  Yuk!

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@tealt @csbbct tax sites do NOT get a copy of the 1099; so just use ebay 'payments' tab- change 'dates' to 'Last Year' and use that figure. It's usually a very small variance (Dec 30/31 from 2023 wind up on 2024 1099; while sales from Dec 30/31 of 2024 are usually NOT on the 1099 as the 1099 is the amount 'sent' from the processor; so if pending at midnight 12/30 or 31- will NOT be on that years 1099.) 

[csbbct]

@stainlessenginecovers 

Yes, I know states do not receive copies of the 1099-k for sales tax return purposes, but I can be audited any time by the state for that return and would prefer the numbers to match the 1099-k.  It won't matter much because I won't owe taxes on it, but I like for all my tax documents (state sales, state income, & federal income) to all show the same figures.  As I said in my post, I already filed the return two hours ago using the year-end Financial Summary numbers which are as close as I'll get at this point.

[simply-the-best-for-you]

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@csbbct wrote:

devon@ebay 

It would be nice if they didn't wait until the last second though.  For my state, Sales Tax returns are due today also.  Although I will owe no sales tax because it's collected by eBay, I need the Gross Sales amount for the form.  I would like to use the figures that come through on the 1099-K because for some reason every year they are slightly different from the numbers shown on the Financial Summary Reports for the year, and I don't want the possibly of the state questioning why my Sales Tax Return numbers are different from my 1099-K numbers.

I had no choice but to submit my state's Sales Tax Return without those 1099-K numbers because it's 2:00pm here on the east coast and if I don't file today I'll get a $50 penalty, even if I owe no taxes!  Can you please pass this information along to the department producing the 1099-K's?  Thank you!  

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Same here, except mine was due on the 19th.  Since I owe 0, they won't bug me til April that it's overdue, but I can't easily do it until I have my 1099.  Luckily no penalty for being overdue here, at least if you owe nothing. 

[tsme35]

Mine was just been posted so their coming out. Trying to figure out how it's $1100 higher than ebay's seller hub sales total. I did subtract sales tax, figure it'd be a little off but not that much.