eBay

vilkau · ‎02-03-2022

I have two seller accounts on eBay. Do I get two separate 1099 forms for each account, or just one combining all sales?

nobody*s_perfect · ‎02-03-2022

Separate form for each account.

https://www.ebay.com/help/selling/fees-credits-invoices/ebay-form-1099k?id=4794

vilkau · ‎02-03-2022

What is the maximum in sales one has to have in order for eBay to generate a 1009 form, and do they send the form to the IRS?

heckofagame · ‎02-03-2022

If you mean minimum; it was $20,000 and 200 sales for 2021, and is $600 for 2022. And yes, a copy is provided to the IRS.

kauvil-us · ‎02-03-2022

I sold less than $20,000 in 2021 and just god form 1099. How come?

heckofagame · ‎02-03-2022

Does your state have lower requirements?

luckythewinner · ‎02-03-2022

@vilkau wrote:
I have two seller accounts on eBay. Do I get two separate 1099 forms for each account, or just one combining all sales?

When deciding whether a taxpayer ID meets the threshold for receiving a 1099-K, Managed Payments will combine the payments processed for all accounts using the same taxpayer ID.

If the taxpayer ID meets the threshold, a separate 1099-K will be issued for each account with that taxpayer ID.

luckythewinner · ‎02-03-2022

@vilkau wrote:
What is the maximum in sales one has to have in order for eBay to generate a 1009 form, and do they send the form to the IRS?

For 2021 tax returns filed in April 2022, the federal threshold is $20K and 200 transactions, but several states have a lower threshold that takes precedence over the federal threshold.

I think those states are:

District of Columbia - $600

Illinois - $1000

Maryland - $600

Massachusetts - $600

Missouri - $1200

Vermont - $600

Virginia - $600

nobody*s_perfect · ‎02-03-2022

Here's a slightly longer list that eBay published last year, I think a couple of states have been added since then.

Please note: a number of sellers who reside in states with additional reporting requirements have received a 1099-K, even if they have not met the 200/$20,000 threshold above:

Arkansas - $2,500 in gross payments with no threshold on the number of transactions
District of Columbia - $600 in gross payments with no threshold on the number of transactions
Illinois - $1,000 in gross payments and a minimum of 4 transactions
Maryland - $600 in gross payments with no threshold on the number of transactions
Massachusetts - $600 in gross payments with no threshold on the number of transactions
Mississippi - $600 in gross payments with no threshold on the number of transactions
New Jersey - $1,000 in gross payments with no threshold on the number of transactions
Virginia - $600 in gross payments with no threshold on the number of transactions
Vermont - $600 in gross payments with no threshold on the number of transactions