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1099

I would like to know if I will receive a 1099 form for the items I sold for tax purpose, or if one is needed

Message 1 of 7
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6 REPLIES 6

Re: 1099

On another ID? I see no sales here. No sales = no 1099.

Edit to add: I do see a few sales during the year, but don't think you've crossed the 1099 threshold. (??)

Message 2 of 7
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Re: 1099

If your eBay sales for 2021 were $20,000 or more, and if you have more than 200 transactions, then eBay will issue you a 1099-K before the end of this month. For 2022, the threshold drops to $600 and just one transaction.

Message 3 of 7
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Re: 1099


@lbowie_7493 wrote:

I would like to know if I will receive a 1099 form for the items I sold for tax purpose, or if one is needed


This is a member-to-member forum, so we have no idea about your 1099-K status. 

 

But the IRS says eBay must issue 1099-K forms by January 31, so you should know in about 10 days. 

 

 

Message 4 of 7
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Re: 1099


@mtgraves7984 wrote: ...  I do see a few sales during the year, but don't think you've crossed the 1099 threshold. (??)

The OP has feedback within the past year for about $500 in sales, so he probably sold more than $600, but it's extremely unlikely that he has passed the relevant 2021 threshold of $20K.

Message 5 of 7
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Re: 1099

If you sell more than $600.00 for the year 2022, then yes you will. This includes shipping fees, etc., the total money you took in. Limit was $20,000 for the year 2021. IRS has changed it.

Message 6 of 7
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Re: 1099

     For tax year 2021 that depends on what state you live in. For tax year 2022 read the eBay seller news release. 

 

https://community.ebay.com/t5/Announcements/New-1099-K-tax-reporting-requirements/ba-p/32556521 

Message 7 of 7
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