Stoopid 1099 question (not related to the on again off again $600 threshold)

[blingfling123]

We have always travelled at Christmas, so I am normally closed down at the end of the year and have never had to deal with this. This year we stayed home and so I left the store open. 

I vaguely remember discussions on this in the past, but my search kung foo is off, and I could not find the thread with the definitive answer from eBay. The ones I could find had conflicting answers and definitions for the settlement date.

When does a sale count for the 1099?   

Does the sale $$ on the 1099 count on

Option 1 - When the buyer pays aka funds still potentially processing 

or

Option 2 - When the payment has processed and is available for disbursement to me

or 

Option 3 - When the funds are actually disbursed to me (so with weekly payments, sales from Dec 27 - 3rd Jan would be on the 1099 for 2023)

I believe it is option 3 based on what I am seeing but want to confirm.

[nobody*s_perfect]

"As Form 1099-K is an IRS information return, it includes the gross amount of all reportable payment transactions within a calendar year, based on when funds settle to eBay, not necessarily when funds are received by sellers."

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

[johnwhiplash]

When ebay says  the item sold.

[stainlessenginecovers]

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@johnwhiplash wrote:

When ebay says  the item sold.

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This is NOT accurate. 

Run a REPORT in PAYMENTS and the date you see the 'negative' (why they show as negative beats me) that was sent to your bank, is the correct DATE. 

[nobody*s_perfect]

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@johnwhiplash wrote:

When ebay says  the item sold.

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Of course not.  That would mean that eBay would be reporting unpaid Sold transactions, which is not the case. The question is when does eBay "count" a PAID transaction.

[monroe67]

There are no stoopid questions.  
OR:  The only stoopid question is the one you don't ask.  

That said:  see the 9:00 a.m. response from nobody*s_perfect, message 2 of 5, with a hyperlink to eBay's own procedure.