eBay

lbowie_7493 · ‎01-22-2022

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

mtgraves7984 · ‎01-22-2022

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. (??)

nobody*s_perfect · ‎01-22-2022

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.

luckythewinner · ‎01-22-2022

@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.

nobody*s_perfect · ‎01-22-2022

@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.

nukingfuts17 · ‎01-22-2022

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.