Today I deleted about 120 listings-Done for the year already because of IRS 1099 2025 limits

[hiroprot]

Deleted 120 listings today. Just discovered that 2025 threshold for 1099’s drop to $2,500 (and just $600.00 in 2026) and zero guidance regarding can you document what you paid for items later sold and document profit only as income vs IRS assuming your gross sales are all income. Im done with EBay until 2026. Ebay and similar sites will wither away to nothing soon unless this stops.

[tobaccocardyahoo]

You are already responsible for reporting the income you receive from Ebay whether it meets the mandate for a 1099 or not. The calculation of whether you are making a profit and whether that profit requires filing a Schedule C is not directly related to the 1099 issue.

If you do not, it could turn up in an audit or other enforcement action.

Someone could also report you to the IRS.

Ebay will not wither away, and some or many of the sellers who might stop selling might be ethically challenged, so it could be a mixed blessing.

[simba6]

You do know that threshold was just for the form 1099?  Not receiving it or any tax form for that matter does not excuse you from any taxes you may owe.  It was just the IRS did not go after those pennies as it was not cost effective.  Like spending all day to get the last spoon full of flour from the sack.

If your making money, you may owe tax on it.  It's merchandise you buy for the purpose of reselling that you have to keep records on.   Odd items from around the house would not need records.

[chapeau-noir]

Cutting off your nose to spite your face, then. OK.

[mam98031]

@hiroprot 

Why?  That doesn't make any sense.  You will still need to report your income from sales here and/or anywhere else.

Myth: If taxpayers didn't receive a Form 1099-K, they don't have to report income.
Fact: According to federal law, all income is taxable unless it is specifically excluded by tax law. Taxpayers should report any profits from selling goods or services, regardless of if they receive a Form 1099-K.

https://www.irs.gov/newsroom/irs-never-mind-the-myths-know-the-facts-about-receiving-a-form-1099-k-i...

[inhawaii]

Here's a wild, crazy idea.

Why don't you sell all your items, make a profit on them, then pay your taxes on that profit ... like the rest of us?

[animal-house-8]

Don't worry about the IRS who right now who can hardly even function. In 40 years they have never asked for proof of COG they are not going to this year either.

[fab_finds4u]

I love it when tax dodgers tell on themselves.

[jerseyboymusic · Accepted solution]

@hiroprot Make sure you are keeping good records... you will still need to report whatever you made on your taxes next year!

[fern*wood]

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@fab_finds4u wrote:

I love it when tax dodgers tell on themselves.

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...on a public forum.

[monica-sells]

How silly...

If I say it "might" cost you $200.00 (additional tax) to make $2,000.00 you are going to say no?

throwing away $1800.00 because of a "form"?

[pickapaper]

"Ebay and similar sites will wither away to nothing soon unless this stops."

People cheating on their income taxes is going to cause eBay and similar sites to wither away?

[luckythewinner]

 Ebay and similar sites will wither away to nothing soon unless this stops.

eBay will be just fine, because IMHO the vast majority of sellers declare all their income - such as the $2500 that you are obligated to report despite not getting a 1099-K. 

In fact, if the 1099-K has the effect of driving away sellers who are not interested in meeting their responsibilities, eBay will probably be BETTER because of it. 

[hiroprot]

Some folks not reading or understanding situation. I have zero problem reporting profit as income.Many items sold at a loss to raise money for huge medical expenses, i found some guidance regarding Schedule D but no clear guidance what forms to use to document accurate profit or losses vs them assuming net gross sales are  100 percent taxable, I will check out Schedule C as someone recommended, total rookie and little guidance anywhere on this. 

[sreu3058]

‘Here's a wild, crazy idea.

Why don't you sell all your items, make a profit on them, then pay your taxes on that profit ... like the rest of us?’

That’s the first laugh I’ve had about my new tax bill, thank you.