02-23-2021 07:56 PM
I have a buddy who flips full time and sold at least 500 items last year as well as about $100k.
Both numbers way beyond the 1099k 200 items and 20k dollars in sales required for a 1099k.
He was on managed payments for all of 2020 as well.
He checked his eBay account today and it said:
"You have not sold enough on eBay".
I know the IRS requires 1099k's to be available by the end of January so he was a bit confused on this and was waiting on it to file taxes.
02-23-2021 08:48 PM
Maybe your buddy would like to post his circumstances here so he'd be available if any members have specific questions for him.
02-24-2021 05:18 AM
I don't think I would want a "friend" posting this type of info about me. I wish I had a product category to sell at the levels you state but alas, I don't.
Your buddy can take care of him or herself. Jeez.
02-24-2021 06:29 AM
Is this question really for a "Friend"? 🤔