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How do I know when I am getting close to the $600 for a 1099?

According to my Seller Hub, my "Order Total", which is the sum of all paid orders, including shipping, taxes, and fees for 2023 is $621.59.  My "Item subtotal" which is the sum of all items in 2023, is $457.82. Which of these is used to determine whether I will receive a K1099 for tax purposes? 

 
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How do I know when I am getting close to the $600 for a 1099?


@mam98031 wrote:

@slippinjimmy wrote:

The OP knows all of that, they just want to avoid having to actual report eBay revenue.

 

FYI - The OP ended all of their active listings shortly after posting.


Thank you @slippinjimmy 

 

Whoops too late.  They seem to have made enough that they will receive the 1099K.  

 


No they didn't unless almost all their sales were to DE, OR etc. $21.59 is less than 4% of $600 so they are likely at $580 - $590 in reportable gross sales.

 

 

Message 16 of 17
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How do I know when I am getting close to the $600 for a 1099?

Thanks, I did misread that.

 

Well @rrcary should know that even without a 1099K, their income still needs to be reported on their income taxes.


mam98031  •  Volunteer Community Member  •  Buyer/Seller since 1999
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