When will I receive my form 1099-K for 2023

[moderf]

When will I receive my for 1099-K for 2023?     When I click on taxes in my seller hub it is telling me  "You don’t have a Form 1099-K for this tax year".     I have well over the tax reporting amount to generate a 1099-K.  I have received a 1099-K from e-bay every year for the last 23 years.   

[golfingaddict]

If you are due a Form 1099-K, you should receive it on or before January 31,  

My experience is that it arrives sooner but the IRS gives businesses time to get it to recipients.

[luckythewinner]

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@moderf wrote:

When will I receive my for 1099-K for 2023?     When I click on taxes in my seller hub it is telling me  "You don’t have a Form 1099-K for this tax year".     I have well over the tax reporting amount to generate a 1099-K.  I have received a 1099-K from e-bay every year for the last 23 years.   

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I believe the IRS regulations give payment processors until January 31 to generate the forms. 

[lacemaker3]

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@moderf wrote:

...  I have received a 1099-K from e-bay every year for the last 23 years.   

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Sorry, but your memory is mistaken.

1099-K forms were first issued in 2012, and eBay has only been sending them since they started transitioning sellers to eBay managed payments, which started in 2021. You may have received 1099-K forms from PayPal before that.

[toysaver]

It's usually available for print out by the 15th and received in the mail by the end of the month. 

[johnrj1226 · Accepted solution]

Here it what  eBay says.  Read the link and if  any questions contact eBay.

https://www.ebay.com/help/selling/fees-credits-invoices/ebay-form-1099k?id=4794&st=3&pos=2&query=eBa...

[goldazar]

Today is 21st, 22nd is a deadline for Illinois ST-1 and still no 1099-K. It sucks...

[slippinjimmy]

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@goldazar wrote:

Today is 21st, 22nd is a deadline for Illinois ST-1 and still no 1099-K. It sucks...

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Illinois ST-1 is a Sales Tax return, no connection with a 1099-K which is for Income Tax purposes.

[goldazar]

yep, but 1099 helps with numbers

[jinzobuy]

I'm confused by this. I thought it all got changed so if you made over $600, the IRS now calls you "self-employed".  But in your link there, it's still up around $20,000. eBay even sent me a mail last year that said since I went over $600, I had to have 1099-K forms now... ...but they're not there?

[nobody*s_perfect]

IRS announced in November that they are putting it off for another year.  So for 2023 the federal threshold of $20K is not changed yet. But there are about 8 states (and DC) with lower thresholds, several are already $600. So it depends on which state you live in.

Here's the IRS announcement from last November. They are proposing to have a threshold of $5K for 2024, but obviously that's just a proposal.

https://www.irs.gov/newsroom/irs-announces-delay-in-form-1099-k-reporting-threshold-for-third-party-...

[jinzobuy]

Ah. Smart move, in election year.
So how would I report eBay income without a form being generated?

[dbfolks166mt]

yep, but 1099 helps with numbers

     You can simply pull the numbers from the eBay reports rather than waiting on the 1099. 

[dbfolks166mt]

Ah. Smart move, in election year.
So how would I report eBay income without a form being generated?

You can pull the numbers, sales, fees, shipping.. from the eBay report. 

[buyselljack2016]

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@jinzobuy wrote:

Ah. Smart move, in election year.
So how would I report eBay income without a form being generated?

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Election year ?  Was done last year as well. Are we voting for the IRS workers? Apparently I missed that line on the ballot.

To file your taxes ( report income/losses) eBay has many "reports" available for you to view.