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Ebay Paypal and 1099K

I have removed all my items from ebay after getting a notice that I would be receiving a 1099K for my January sales for a friend.. I know ebay is not at fault but the Government and their $600 limit has just totally destroyed the senior population who sold their antiques (collected over the past 50 years) and now have to pay taxes on them.. More of the Liberal plan to make everyone rely on the Government.. No more Ebay No more Paypal for me

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Re: Ebay Paypal and 1099K


@trishkay wrote:

I know ebay is not at fault but the Government and their $600 limit has just totally destroyed the senior population who sold their antiques (collected over the past 50 years) and now have to pay taxes on them


Capital gains taxes on appreciated assets like antiques have existed since 1913.

 

 

Message 61 of 63
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Re: Ebay Paypal and 1099K

And the cost of filing?    Hiring a cpa?    And finding host basis of 100 items?

Message 62 of 63
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Re: Ebay Paypal and 1099K

Hi everyone,

Due to the age of this thread, it has been closed to further replies. Please feel free to start a new thread if you wish to continue to discuss this topic.

Thank you for understanding.

Message 63 of 63
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