New level on sending out 1099 from eBay for 2022 ($600.00)

[trading-post-619]

So, this seems to be going around now that the new stimulus bill was signed. on it, ot states, if you make 600.00 you will now get a 1099 not the 20k + 200 trans.

anyone else hear about this?

[wildpitchsports]

yuppp

[wildpitchsports]

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@7606dennis wrote:

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@sylvercoins wrote:

I buy stuff to flip.

Buy on eBay for $100

Add $7 shipping 

Plus 6% tax = $113 total costs 

Sell on eBay for $150

EBay fees 13%

= $17 profit

Subtract 33% government tax

= $11.39 left for me!

Sorry but I'm out!!!

Not worth it anymore 

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You are not alone, not alone at all.

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[dbfolks166mt]

     While it may be a Federal form it also flows to state income tax returns and in several cases the 1099 third party reporting requirements vary from the Federal thresholds. For several states the reporting requirements and new levels have already taken effect. 

[mrdutch1001]

no sympathy for those folks who haven't been doing their due diligence since day 1 of selling online...

otherwise, This should make no difference whatsoever to any seller ...

[mcs7-42]

Hi~~I was wondering if I can use my receipts from 2021 of the items I did not sell for 2020 ~Thanks

[mrdutch1001]

there really is no need for sellers to be leaving over this...

such childish behavior... all the whining about this is so pathetic

[bearswatching]

This has been endlessly discussed on these boards for months.

[chapeau-noir]

It's like the old timey 'broken record'.  'Responsibility' must be a dirty word to these people.

[kh-stanley1]

Hi everyone,

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

Thank you for understanding.